Diageo plc $DEO Holdings Increased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lifted its stake in shares of Diageo plc (NYSE:DEO) by 145.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,508 shares of the company’s stock after acquiring an additional 8,604 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Diageo were worth $1,384,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Equity Investment Corp acquired a new stake in Diageo in the 3rd quarter valued at about $92,970,000. Federated Hermes Inc. raised its holdings in shares of Diageo by 7.2% in the 3rd quarter. Federated Hermes Inc. now owns 726,578 shares of the company’s stock worth $69,337,000 after purchasing an additional 48,909 shares in the last quarter. Savant Capital LLC acquired a new stake in Diageo during the second quarter valued at approximately $310,000. Osaic Holdings Inc. lifted its stake in Diageo by 42.2% during the second quarter. Osaic Holdings Inc. now owns 99,998 shares of the company’s stock valued at $10,099,000 after purchasing an additional 29,674 shares during the last quarter. Finally, Confluence Investment Management LLC boosted its holdings in Diageo by 0.9% during the third quarter. Confluence Investment Management LLC now owns 1,363,504 shares of the company’s stock worth $130,119,000 after buying an additional 12,678 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DEO has been the topic of several research reports. Royal Bank Of Canada raised Diageo from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research note on Wednesday, January 21st. Sanford C. Bernstein set a $124.00 target price on Diageo and gave the stock an “outperform” rating in a research report on Monday, December 29th. Zacks Research downgraded Diageo from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Finally, Barclays reiterated an “overweight” rating on shares of Diageo in a research report on Thursday, December 11th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Diageo presently has an average rating of “Hold” and a consensus target price of $116.50.

Diageo Stock Performance

Shares of NYSE:DEO opened at $81.87 on Monday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60. Diageo plc has a 52 week low of $80.79 and a 52 week high of $116.69. The firm has a 50 day simple moving average of $91.26 and a 200 day simple moving average of $94.37.

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.