Rockefeller Capital Management L.P. Grows Stock Position in Diageo plc (NYSE:DEO)

Rockefeller Capital Management L.P. increased its holdings in Diageo plc (NYSE:DEOGet Rating) by 5.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 89,645 shares of the company’s stock after purchasing an additional 4,587 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Diageo were worth $19,733,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Cetera Advisor Networks LLC raised its stake in Diageo by 44.8% in the 3rd quarter. Cetera Advisor Networks LLC now owns 9,376 shares of the company’s stock valued at $1,810,000 after purchasing an additional 2,899 shares during the last quarter. Bank of Nova Scotia acquired a new position in Diageo in the 3rd quarter valued at about $6,605,000. Aries Wealth Management increased its stake in shares of Diageo by 617.1% during the 4th quarter. Aries Wealth Management now owns 14,693 shares of the company’s stock valued at $3,235,000 after acquiring an additional 12,644 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Diageo by 43.4% during the 4th quarter. Quadrant Capital Group LLC now owns 4,472 shares of the company’s stock valued at $984,000 after acquiring an additional 1,353 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Diageo by 2.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 14,254 shares of the company’s stock valued at $3,138,000 after acquiring an additional 366 shares during the last quarter. Institutional investors and hedge funds own 9.23% of the company’s stock.

DEO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Diageo from a “neutral” rating to an “overweight” rating in a research note on Thursday, March 17th. Deutsche Bank Aktiengesellschaft downgraded shares of Diageo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Barclays dropped their price objective on shares of Diageo from GBX 4,800 ($60.40) to GBX 4,700 ($59.14) in a research note on Friday, April 22nd. Royal Bank of Canada increased their target price on shares of Diageo from GBX 3,100 ($39.01) to GBX 3,200 ($40.27) in a research report on Friday, January 28th. Finally, Zacks Investment Research downgraded shares of Diageo from a “hold” rating to a “sell” rating and set a $214.00 target price for the company. in a research report on Friday, April 29th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $2,923.17.

NYSE DEO traded down $0.79 on Wednesday, reaching $183.80. The company had a trading volume of 2,066 shares, compared to its average volume of 397,139. Diageo plc has a 1 year low of $175.46 and a 1 year high of $223.14. The firm has a 50-day moving average of $198.53 and a 200-day moving average of $202.37. The company has a quick ratio of 0.70, a current ratio of 1.52 and a debt-to-equity ratio of 1.40.

Diageo Company Profile (Get Rating)

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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