CX Institutional Purchases Shares of 994 Diageo plc (NYSE:DEO)

CX Institutional acquired a new position in Diageo plc (NYSE:DEO) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 994 shares of the company’s stock, valued at approximately $104,000.

Several other institutional investors have also modified their holdings of DEO. CoreFirst Bank & Trust acquired a new stake in shares of Diageo during the 4th quarter valued at $25,000. Orion Capital Management LLC acquired a new stake in shares of Diageo during the fourth quarter worth $25,000. BNP Paribas purchased a new stake in shares of Diageo during the fourth quarter valued at $32,000. Measured Risk Portfolios Inc. acquired a new position in shares of Diageo in the 4th quarter valued at $32,000. Finally, Perkins Coie Trust Co acquired a new position in shares of Diageo in the 1st quarter valued at $27,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Down 2.0%

Diageo stock opened at $103.15 on Tuesday. Diageo plc has a 12 month low of $100.72 and a 12 month high of $142.73. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The stock has a market cap of $57.38 billion, a P/E ratio of 15.06, a P/E/G ratio of 2.39 and a beta of 0.58. The company’s fifty day simple moving average is $110.36 and its 200-day simple moving average is $113.77.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DEO. Morgan Stanley reissued an “underweight” rating on shares of Diageo in a research note on Monday, May 12th. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, Berenberg Bank assumed coverage on Diageo in a research report on Wednesday, April 2nd. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $129.00.

Diageo Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.