Diageo plc (DEO) Stake Boosted by Jackson Grant Investment Advisers Inc.

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Jackson Grant Investment Advisers Inc. increased its holdings in Diageo plc (NYSE:DEO) by 14.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 879 shares of the company’s stock after acquiring an additional 112 shares during the period. Jackson Grant Investment Advisers Inc.’s holdings in Diageo were worth $125,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in shares of Diageo by 1.9% in the third quarter. The Manufacturers Life Insurance Company now owns 1,071,051 shares of the company’s stock valued at $151,736,000 after acquiring an additional 20,335 shares in the last quarter. Deutsche Bank AG grew its holdings in Diageo by 12.9% during the third quarter. Deutsche Bank AG now owns 907,480 shares of the company’s stock valued at $128,560,000 after purchasing an additional 103,997 shares during the period. Renaissance Technologies LLC grew its holdings in Diageo by 11.9% during the third quarter. Renaissance Technologies LLC now owns 786,300 shares of the company’s stock valued at $111,395,000 after purchasing an additional 83,800 shares during the period. Capital Bank & Trust Co grew its holdings in Diageo by 2.1% during the third quarter. Capital Bank & Trust Co now owns 483,024 shares of the company’s stock valued at $68,430,000 after purchasing an additional 9,944 shares during the period. Finally, Public Employees Retirement Association of Colorado grew its holdings in Diageo by 42.3% during the third quarter. Public Employees Retirement Association of Colorado now owns 428,811 shares of the company’s stock valued at $60,750,000 after purchasing an additional 127,547 shares during the period. 11.35% of the stock is owned by institutional investors.

Several equities analysts have weighed in on the company. Zacks Investment Research lowered Diageo from a “hold” rating to a “sell” rating in a report on Monday, January 7th. Macquarie reissued a “buy” rating on shares of Diageo in a report on Sunday, December 16th. Finally, Sanford C. Bernstein lowered Diageo from a “market perform” rating to an “underperform” rating in a report on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $158.75.

NYSE DEO traded up $0.67 on Wednesday, hitting $143.59. 7,377 shares of the stock traded hands, compared to its average volume of 376,539. The firm has a market cap of $86.62 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 2.64 and a beta of 0.56. Diageo plc has a 12 month low of $131.22 and a 12 month high of $151.30. The company has a current ratio of 1.37, a quick ratio of 0.58 and a debt-to-equity ratio of 0.71.

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Diageo Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

Further Reading: Bid-Ask Spread

Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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