American Century Companies Inc. Has $18.96 Million Position in Diageo plc $DEO

American Century Companies Inc. raised its position in Diageo plc (NYSE:DEO) by 69.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 198,625 shares of the company’s stock after purchasing an additional 81,603 shares during the quarter. American Century Companies Inc.’s holdings in Diageo were worth $18,955,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DEO. Twin Peaks Wealth Advisors LLC acquired a new stake in Diageo during the 2nd quarter worth approximately $26,000. Arlington Trust Co LLC increased its position in Diageo by 3,885.7% in the 3rd quarter. Arlington Trust Co LLC now owns 279 shares of the company’s stock valued at $27,000 after acquiring an additional 272 shares during the period. Bell Investment Advisors Inc increased its position in Diageo by 94.7% in the 2nd quarter. Bell Investment Advisors Inc now owns 292 shares of the company’s stock valued at $29,000 after acquiring an additional 142 shares during the period. New England Capital Financial Advisors LLC bought a new position in shares of Diageo during the third quarter valued at $29,000. Finally, HHM Wealth Advisors LLC lifted its holdings in shares of Diageo by 76.5% during the second quarter. HHM Wealth Advisors LLC now owns 330 shares of the company’s stock worth $33,000 after purchasing an additional 143 shares during the period. 8.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research note on Wednesday, January 21st. Zacks Research lowered Diageo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. HSBC lowered Diageo from a “buy” rating to a “hold” rating in a research report on Monday, March 2nd. Royal Bank Of Canada upgraded Diageo from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 6th. Finally, Barclays reissued an “overweight” rating on shares of Diageo in a research report on Thursday, December 11th. Five 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 company’s stock. According to MarketBeat.com, Diageo has a consensus rating of “Hold” and a consensus price target of $116.50.

Diageo Stock Down 0.8%

Shares of DEO opened at $81.41 on Wednesday. Diageo plc has a 12-month low of $80.45 and a 12-month high of $116.69. The business’s fifty day moving average is $91.08 and its 200 day moving average is $93.91. The company has a current ratio of 1.60, a quick ratio of 0.71 and a debt-to-equity ratio of 1.53.

Diageo 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.