First Merchants Corp Acquires Shares of 2,113 Diageo PLC (DEO)

First Merchants Corp acquired a new stake in Diageo PLC (NYSE:DEO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,113 shares of the company’s stock, valued at approximately $279,000.

Several other institutional investors have also made changes to their positions in DEO. Family Capital Trust Co purchased a new stake in shares of Diageo PLC in the third quarter worth about $119,000. Tower Research Capital LLC TRC increased its stake in Diageo PLC by 404.4% during the second quarter. Tower Research Capital LLC TRC now owns 1,039 shares of the company’s stock worth $125,000 after acquiring an additional 833 shares during the last quarter. Rockefeller Financial Services Inc. bought a new stake in Diageo PLC during the third quarter worth approximately $125,000. Quadrant Capital Group LLC increased its stake in Diageo PLC by 11.4% during the second quarter. Quadrant Capital Group LLC now owns 1,391 shares of the company’s stock worth $142,000 after acquiring an additional 142 shares during the last quarter. Finally, Acrospire Investment Management LLC increased its stake in Diageo PLC by 62.5% during the second quarter. Acrospire Investment Management LLC now owns 1,300 shares of the company’s stock worth $156,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 11.69% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “First Merchants Corp Acquires Shares of 2,113 Diageo PLC (DEO)” was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://www.com-unik.info/2017/11/06/first-merchants-corp-acquires-shares-of-2113-diageo-plc-deo.html.

Diageo PLC (NYSE:DEO) opened at $136.33 on Monday. The company has a quick ratio of 0.58, a current ratio of 1.30 and a debt-to-equity ratio of 0.58. Diageo PLC has a 12 month low of $99.46 and a 12 month high of $137.59.

DEO has been the topic of several analyst reports. Zacks Investment Research cut Diageo PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Sanford C. Bernstein raised Diageo PLC from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $142.36 to $153.00 in a research note on Friday, July 28th. Jefferies Group LLC reissued a “buy” rating and issued a $155.40 price objective (up previously from $155.20) on shares of Diageo PLC in a research note on Saturday, September 30th. BidaskClub cut Diageo PLC from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Evercore ISI assumed coverage on Diageo PLC in a research note on Thursday, September 28th. They issued an “outperform” rating and a $152.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Diageo PLC presently has an average rating of “Hold” and a consensus price target of $152.35.

Diageo PLC Company Profile

Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.

Institutional Ownership by Quarter for Diageo PLC (NYSE:DEO)

What are top analysts saying about Diageo PLC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Diageo PLC and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit