Osaic Holdings Inc. Purchases 29,674 Shares of Diageo plc $DEO

Osaic Holdings Inc. lifted its position in Diageo plc (NYSE:DEO) by 42.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 99,998 shares of the company’s stock after buying an additional 29,674 shares during the period. Osaic Holdings Inc.’s holdings in Diageo were worth $10,099,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Savant Capital LLC bought a new position in Diageo in the second quarter worth approximately $310,000. Philip James Wealth Mangement LLC grew its position in shares of Diageo by 81.8% during the 2nd quarter. Philip James Wealth Mangement LLC now owns 33,107 shares of the company’s stock valued at $3,338,000 after acquiring an additional 14,895 shares during the period. Martin Capital Partners LLC increased its stake in shares of Diageo by 225.8% in the 2nd quarter. Martin Capital Partners LLC now owns 32,525 shares of the company’s stock worth $3,280,000 after purchasing an additional 22,542 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Diageo by 353.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 717,740 shares of the company’s stock worth $72,377,000 after purchasing an additional 559,547 shares during the period. Finally, Cobblestone Capital Advisors LLC NY raised its holdings in Diageo by 5.1% in the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 127,388 shares of the company’s stock worth $12,846,000 after purchasing an additional 6,145 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on DEO shares. Barclays reissued an “overweight” rating on shares of Diageo in a report on Thursday, December 11th. UBS Group reiterated a “neutral” rating on shares of Diageo in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft restated 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 report on Tuesday, November 11th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $119.00.

Diageo Price Performance

NYSE DEO opened at $89.14 on Friday. Diageo plc has a 12 month low of $85.13 and a 12 month high of $127.90. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.63 and a quick ratio of 0.64. The stock’s 50 day moving average is $92.32 and its 200 day moving average is $99.88.

About Diageo

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.