Vontobel Holding Ltd. Takes $734,000 Position in Diageo plc (NYSE:DEO)

Vontobel Holding Ltd. bought a new stake in shares of Diageo plc (NYSE:DEO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,000 shares of the company’s stock, valued at approximately $734,000.

Other large investors have also recently modified their holdings of the company. CoreFirst Bank & Trust bought a new position in shares of Diageo during the 4th quarter valued at approximately $25,000. Orion Capital Management LLC bought a new position in shares of Diageo during the 4th quarter valued at approximately $25,000. Perkins Coie Trust Co bought a new position in shares of Diageo during the 1st quarter valued at approximately $27,000. Barrett & Company Inc. bought a new position in shares of Diageo during the 1st quarter valued at approximately $27,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Diageo during the 1st quarter valued at approximately $30,000. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of Diageo stock opened at $104.48 on Monday. The stock’s fifty day moving average is $108.27 and its two-hundred day moving average is $111.51. The company has a market capitalization of $58.12 billion, a PE ratio of 15.25 and a beta of 0.56. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. Diageo plc has a 52 week low of $99.26 and a 52 week high of $142.73.

Analyst Ratings Changes

DEO has been the topic of several research analyst reports. Berenberg Bank assumed coverage on Diageo in a research report on Wednesday, April 2nd. They issued a “buy” rating on the stock. Morgan Stanley reaffirmed an “underweight” rating on shares of Diageo in a research report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.