Diageo plc $DEO Stock Holdings Lifted by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its holdings in shares of Diageo plc (NYSE:DEO) by 353.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 717,740 shares of the company’s stock after buying an additional 559,547 shares during the period. Arrowstreet Capital Limited Partnership owned 0.13% of Diageo worth $72,377,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. SageView Advisory Group LLC grew its holdings in shares of Diageo by 1.7% during the first quarter. SageView Advisory Group LLC now owns 5,450 shares of the company’s stock valued at $571,000 after purchasing an additional 89 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Diageo by 3.0% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 3,287 shares of the company’s stock worth $331,000 after purchasing an additional 96 shares during the last quarter. Aaron Wealth Advisors LLC boosted its position in Diageo by 2.9% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,541 shares of the company’s stock valued at $357,000 after purchasing an additional 101 shares during the period. Pavion Blue Capital LLC grew its stake in Diageo by 0.4% during the 2nd quarter. Pavion Blue Capital LLC now owns 26,367 shares of the company’s stock worth $2,659,000 after buying an additional 112 shares during the last quarter. Finally, IFP Advisors Inc increased its position in Diageo by 9.6% in the second quarter. IFP Advisors Inc now owns 1,409 shares of the company’s stock worth $142,000 after buying an additional 123 shares during the period. Institutional investors own 8.97% of the company’s stock.

Diageo Trading Down 2.8%

Shares of NYSE:DEO opened at $89.48 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.63 and a quick ratio of 0.64. Diageo plc has a 12 month low of $86.57 and a 12 month high of $132.34. The stock’s 50 day moving average price is $93.92 and its 200 day moving average price is $101.64.

Analyst Ratings Changes

Several brokerages have recently issued reports on DEO. UBS Group reissued a “neutral” rating on shares of Diageo in a report on Wednesday. The Goldman Sachs Group upgraded shares of Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Diageo in a research note on Friday, November 28th. Zacks Research lowered shares of Diageo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Finally, Bank of America reduced their price objective on Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $119.00.

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.