Legacy Capital Group California Inc. Increases Holdings in Diageo plc (NYSE:DEO)

Legacy Capital Group California Inc. grew its holdings in Diageo plc (NYSE:DEO) by 10.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,015 shares of the company’s stock after acquiring an additional 279 shares during the period. Legacy Capital Group California Inc.’s holdings in Diageo were worth $316,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new position in Diageo during the 4th quarter valued at $25,000. Perkins Coie Trust Co bought a new stake in shares of Diageo during the 1st quarter valued at about $27,000. Barrett & Company Inc. bought a new stake in shares of Diageo during the 1st quarter valued at about $27,000. Abound Financial LLC purchased a new position in shares of Diageo during the first quarter valued at about $27,000. Finally, Opal Wealth Advisors LLC bought a new position in Diageo in the first quarter worth about $30,000. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Performance

Shares of Diageo stock opened at $107.13 on Thursday. Diageo plc has a 12 month low of $96.45 and a 12 month high of $142.73. The firm has a market capitalization of $59.60 billion, a P/E ratio of 15.64 and a beta of 0.53. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The business has a fifty day simple moving average of $103.91 and a two-hundred day simple moving average of $108.50.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reaffirmed an “underweight” rating on shares of Diageo in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $129.00.

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.