Arrowstreet Capital Limited Partnership increased its position in shares of Diageo plc (NYSE:DEO) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,193,871 shares of the company’s stock after buying an additional 51,327 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Diageo were worth $174,341,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Trustcore Financial Services LLC acquired a new position in Diageo during the fourth quarter worth $107,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in Diageo during the fourth quarter worth $108,000. Family Capital Trust Co acquired a new position in Diageo during the third quarter worth $119,000. Rockefeller Financial Services Inc. acquired a new position in Diageo during the third quarter worth $125,000. Finally, UBS Asset Management Americas Inc. increased its holdings in Diageo by 124.4% during the second quarter. UBS Asset Management Americas Inc. now owns 1,479 shares of the company’s stock worth $177,000 after buying an additional 820 shares during the last quarter. Institutional investors and hedge funds own 12.17% of the company’s stock.
Diageo plc (DEO) opened at $140.50 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.63 and a debt-to-equity ratio of 0.69. Diageo plc has a 52-week low of $110.92 and a 52-week high of $147.62. The company has a market cap of $86,800.00, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 2.91 and a beta of 0.71.
A number of research firms have commented on DEO. Jefferies Group set a $157.00 price objective on shares of Diageo and gave the stock a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research raised shares of Diageo from a “hold” rating to a “buy” rating and set a $162.00 price objective for the company in a research report on Wednesday, January 10th. BNP Paribas cut shares of Diageo from an “outperform” rating to a “neutral” rating in a research report on Monday, January 29th. Macquarie raised shares of Diageo from an “underperform” rating to a “neutral” rating in a research report on Wednesday, February 7th. Finally, Royal Bank of Canada cut shares of Diageo from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 29th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Diageo has a consensus rating of “Hold” and a consensus target price of $153.75.
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.
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