Delta Investment Management LLC Acquires Shares of 1,967 Diageo plc (NYSE:DEO)

Delta Investment Management LLC acquired a new stake in shares of Diageo plc (NYSE:DEO) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,967 shares of the company’s stock, valued at approximately $250,000.

A number of other hedge funds also recently made changes to their positions in DEO. Kovitz Investment Group Partners LLC raised its stake in shares of 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 purchasing an additional 1,822,994 shares during the period. Bank of Montreal Can raised its stake in shares of Diageo by 1,181.5% during the 4th 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 during the period. Raymond James Financial Inc. bought a new stake in shares of Diageo during the 4th quarter worth $123,892,000. FMR LLC raised its stake in shares of Diageo by 10.9% during the 4th quarter. FMR LLC now owns 5,813,938 shares of the company’s stock worth $739,126,000 after purchasing an additional 571,873 shares during the period. Finally, ABC Arbitrage SA bought a new stake in shares of Diageo during the 4th quarter worth $37,777,000. 8.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Diageo Stock Down 0.0%

Shares of DEO opened at $114.20 on Wednesday. The firm has a market cap of $63.53 billion, a P/E ratio of 16.67, a P/E/G ratio of 2.39 and a beta of 0.60. The stock has a 50 day simple moving average of $109.44 and a two-hundred day simple moving average of $115.37. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. Diageo plc has a 1 year low of $100.72 and a 1 year high of $142.73.

Diageo Company 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.