Cambridge Investment Research Advisors Inc. Boosts Stake in Diageo plc (NYSE:DEO)

Cambridge Investment Research Advisors Inc. lifted its holdings in Diageo plc (NYSE:DEO) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,788 shares of the company’s stock after buying an additional 703 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Diageo were worth $4,065,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. GeoWealth Management LLC boosted its stake in shares of Diageo by 1.3% in the fourth quarter. GeoWealth Management LLC now owns 6,944 shares of the company’s stock valued at $883,000 after buying an additional 92 shares in the last quarter. Aptus Capital Advisors LLC boosted its stake in shares of Diageo by 5.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,867 shares of the company’s stock valued at $237,000 after buying an additional 95 shares in the last quarter. Grove Bank & Trust boosted its stake in shares of Diageo by 1.3% in the first quarter. Grove Bank & Trust now owns 7,560 shares of the company’s stock valued at $792,000 after buying an additional 98 shares in the last quarter. Malaga Cove Capital LLC boosted its stake in shares of Diageo by 3.3% in the fourth quarter. Malaga Cove Capital LLC now owns 3,101 shares of the company’s stock valued at $394,000 after buying an additional 100 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Diageo by 2.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,735 shares of the company’s stock valued at $475,000 after buying an additional 103 shares in the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Stock Down 0.1%

DEO opened at $100.43 on Friday. The business’s fifty day moving average is $109.00 and its two-hundred day moving average is $112.50. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The company has a market cap of $55.87 billion, a price-to-earnings ratio of 14.66 and a beta of 0.58. Diageo plc has a one year low of $99.26 and a one year high of $142.73.

Analysts Set New Price Targets

A number of research firms recently weighed in on DEO. Morgan Stanley restated an “underweight” rating on shares of Diageo in a research note on Monday, May 12th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, Berenberg Bank began coverage on Diageo in a research report on Wednesday, April 2nd. They set a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $129.00.

About Diageo

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.