Diageo plc $DEO Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. boosted its holdings in shares of Diageo plc (NYSE:DEO) by 7.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 726,578 shares of the company’s stock after buying an additional 48,909 shares during the period. Federated Hermes Inc. owned approximately 0.13% of Diageo worth $69,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC purchased a new position in shares of Diageo in the 4th quarter valued at approximately $202,000. Signaturefd LLC increased its stake in Diageo by 33.2% during the 2nd quarter. Signaturefd LLC now owns 5,261 shares of the company’s stock valued at $530,000 after purchasing an additional 1,311 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Diageo by 4.0% in the second quarter. Janney Montgomery Scott LLC now owns 200,074 shares of the company’s stock worth $20,176,000 after buying an additional 7,707 shares during the last quarter. Marino Stram & Associates LLC purchased a new position in shares of Diageo in the second quarter worth $624,000. Finally, Precision Wealth Strategies LLC acquired a new stake in shares of Diageo during the second quarter worth $313,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DEO shares. Sanford C. Bernstein set a $124.00 target price on Diageo and gave the company an “outperform” rating in a research report on Monday, December 29th. Zacks Research lowered Diageo from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Diageo in a report on Friday, November 28th. Finally, UBS Group reiterated a “neutral” rating on shares of Diageo in a report on Wednesday, December 3rd. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $116.50.

Diageo Trading Down 0.2%

Shares of DEO stock opened at $88.64 on Thursday. Diageo plc has a 52-week low of $84.52 and a 52-week high of $122.43. 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 business has a 50-day simple moving average of $88.81 and a 200-day simple moving average of $96.81.

Diageo Company Profile

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.