Neuberger Berman Group LLC Grows Stock Position in Diageo plc $DEO

Neuberger Berman Group LLC raised its holdings in Diageo plc (NYSE:DEO) by 2.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 58,788 shares of the company’s stock after acquiring an additional 1,149 shares during the period. Neuberger Berman Group LLC’s holdings in Diageo were worth $5,928,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DEO. Savant Capital LLC purchased a new stake in shares of Diageo during the 2nd quarter valued at $310,000. Philip James Wealth Mangement LLC lifted its stake in shares of Diageo by 81.8% in the 2nd quarter. Philip James Wealth Mangement LLC now owns 33,107 shares of the company’s stock valued at $3,338,000 after purchasing an additional 14,895 shares in the last quarter. Martin Capital Partners LLC grew its holdings in shares of Diageo by 225.8% during the 2nd quarter. Martin Capital Partners LLC now owns 32,525 shares of the company’s stock worth $3,280,000 after purchasing an additional 22,542 shares during the period. Cobblestone Capital Advisors LLC NY increased its position in Diageo by 5.1% during the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 127,388 shares of the company’s stock worth $12,846,000 after purchasing an additional 6,145 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC purchased a new position in shares of Diageo in the 2nd quarter valued at $107,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Trading Up 1.1%

Diageo stock opened at $91.60 on Friday. The firm’s 50 day moving average price is $94.24 and its two-hundred day moving average price is $102.26. Diageo plc has a twelve month low of $86.57 and a twelve month high of $132.34. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64.

Analyst Ratings Changes

Several research firms have recently weighed in on DEO. Bank of America dropped their target price on shares of Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a research report on Friday, September 26th. The Goldman Sachs Group upgraded Diageo from a “sell” rating to a “neutral” rating in a research note on Thursday, August 7th. Zacks Research downgraded Diageo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Diageo in a research note on Friday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Diageo presently has an average rating of “Hold” and an average target price of $119.00.

Diageo Profile

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.