Diageo plc $DEO Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. lifted its holdings in shares of Diageo plc (NYSE:DEO) by 7.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 677,669 shares of the company’s stock after acquiring an additional 46,196 shares during the quarter. Federated Hermes Inc. owned 0.12% of Diageo worth $68,336,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Brighton Jones LLC acquired a new stake in Diageo during the 4th quarter valued at approximately $202,000. AlphaCore Capital LLC acquired a new position in shares of Diageo in the 1st quarter valued at approximately $244,000. National Bank of Canada FI boosted its stake in shares of Diageo by 0.3% during the 1st quarter. National Bank of Canada FI now owns 51,513 shares of the company’s stock valued at $5,398,000 after buying an additional 136 shares during the last quarter. Koss Olinger Consulting LLC acquired a new stake in shares of Diageo during the first quarter worth approximately $868,000. Finally, Benjamin Edwards Inc. grew its position in shares of Diageo by 11.1% during the first quarter. Benjamin Edwards Inc. now owns 18,962 shares of the company’s stock worth $1,987,000 after buying an additional 1,893 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Price Performance

NYSE DEO opened at $88.38 on Monday. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64. Diageo plc has a one year low of $86.57 and a one year high of $132.34. The company has a 50-day simple moving average of $93.81 and a 200-day simple moving average of $101.29.

Wall Street Analyst Weigh In

A number of research analysts have commented on DEO shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a research note on Wednesday, October 8th. UBS Group restated a “neutral” rating on shares of Diageo in a research note on Wednesday, December 3rd. Bank of America reduced their price target on shares of Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research report on Friday, September 26th. Zacks Research lowered Diageo from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Diageo in a research note on Friday, November 28th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Diageo presently has an average rating of “Reduce” and a consensus target price of $119.00.

Diageo Company 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.