Portside Wealth Group LLC Purchases 320 Shares of Diageo plc (NYSE:DEO)

Portside Wealth Group LLC lifted its position in shares of Diageo plc (NYSE:DEO) by 6.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,957 shares of the company’s stock after buying an additional 320 shares during the period. Portside Wealth Group LLC’s holdings in Diageo were worth $519,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Kovitz Investment Group Partners LLC boosted its position in Diageo by 234.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,600,702 shares of the company’s stock worth $330,627,000 after acquiring an additional 1,822,994 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Diageo by 1,181.5% in the fourth quarter. Bank of Montreal Can now owns 1,406,004 shares of the company’s stock worth $178,745,000 after purchasing an additional 1,296,285 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Diageo during the fourth quarter worth $123,892,000. FMR LLC grew its position in Diageo by 10.9% in the fourth quarter. FMR LLC now owns 5,813,938 shares of the company’s stock valued at $739,126,000 after purchasing an additional 571,873 shares in the last quarter. Finally, ABC Arbitrage SA acquired a new stake in Diageo in the 4th quarter valued at $37,777,000. 8.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DEO shares. Berenberg Bank assumed coverage on shares of Diageo in a research note on Wednesday, April 2nd. They set a “buy” rating for the company. Morgan Stanley reissued an “underweight” rating on shares of Diageo in a research report on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $129.00.

Diageo Stock Up 2.0%

Diageo stock opened at $107.24 on Tuesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The company’s 50-day moving average is $110.12 and its 200-day moving average is $114.23. The firm has a market capitalization of $59.66 billion, a PE ratio of 15.66, a P/E/G ratio of 2.39 and a beta of 0.58. Diageo plc has a fifty-two week low of $100.72 and a fifty-two week high of $142.73.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.