Advisory Services Network LLC bought a new position in shares of Diageo plc (NYSE:DEO) during the first quarter, Holdings Channel reports. The fund bought 3,217 shares of the company’s stock, valued at approximately $372,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Hall Laurie J Trustee bought a new position in Diageo plc during the fourth quarter worth approximately $101,000. Mascoma Wealth Management LLC bought a new position in Diageo plc during the fourth quarter worth approximately $119,000. Quadrant Capital Group LLC boosted its position in Diageo plc by 429.2% in the first quarter. Quadrant Capital Group LLC now owns 1,249 shares of the company’s stock worth $137,000 after buying an additional 1,013 shares during the last quarter. Pinnacle Bank bought a new position in Diageo plc during the first quarter worth approximately $155,000. Finally, Enterprise Financial Services Corp boosted its position in Diageo plc by 1.6% in the third quarter. Enterprise Financial Services Corp now owns 1,550 shares of the company’s stock worth $180,000 after buying an additional 24 shares during the last quarter.
Shares of Diageo plc (NYSE:DEO) traded up 0.42% during mid-day trading on Friday, hitting $119.55. 341,231 shares of the stock traded hands. The company has a market cap of $75.05 billion and a P/E ratio of 25.05. Diageo plc has a one year low of $99.46 and a one year high of $119.55. The stock has a 50 day moving average price of $116.19 and a 200-day moving average price of $109.72.
A number of research analysts have commented on the stock. Jefferies Group LLC set a $120.00 target price on shares of Diageo plc and gave the company a “buy” rating in a research report on Friday, April 21st. Liberum Capital cut shares of Diageo plc from a “hold” rating to a “sell” rating in a research report on Monday, January 30th. Zacks Investment Research raised shares of Diageo plc from a “sell” rating to a “hold” rating in a research report on Thursday, April 20th. Finally, Goldman Sachs Group Inc cut shares of Diageo plc from a “neutral” rating to a “sell” rating in a research report on Thursday, March 30th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Diageo plc presently has a consensus rating of “Hold” and an average price target of $125.00.
About Diageo plc
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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