Moran Wealth Management LLC Purchases 31,394 Shares of Diageo plc $DEO

Moran Wealth Management LLC raised its position in Diageo plc (NYSE:DEO) by 60.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,339 shares of the company’s stock after purchasing an additional 31,394 shares during the quarter. Moran Wealth Management LLC’s holdings in Diageo were worth $6,205,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Leonteq Securities AG boosted its position in shares of Diageo by 223.5% during the first quarter. Leonteq Securities AG now owns 3,300 shares of the company’s stock valued at $246,000 after buying an additional 2,280 shares during the period. Elevation Point Wealth Partners LLC grew its stake in shares of Diageo by 246.6% during the first quarter. Elevation Point Wealth Partners LLC now owns 9,678 shares of the company’s stock valued at $720,000 after buying an additional 6,886 shares during the last quarter. Mitchell & Pahl Private Wealth LLC raised its holdings in shares of Diageo by 17.8% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 8,111 shares of the company’s stock worth $604,000 after buying an additional 1,223 shares during the period. CHICAGO TRUST Co NA raised its holdings in shares of Diageo by 17.5% in the first quarter. CHICAGO TRUST Co NA now owns 6,460 shares of the company’s stock worth $481,000 after buying an additional 964 shares during the period. Finally, Rexford Capital Inc. boosted its holdings in Diageo by 110.8% during the 1st quarter. Rexford Capital Inc. now owns 5,918 shares of the company’s stock valued at $441,000 after acquiring an additional 3,110 shares during the period. Institutional investors own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

DEO has been the topic of a number of recent analyst reports. Zacks Research upgraded Diageo from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. TD Cowen raised shares of Diageo from a “hold” rating to a “buy” rating and boosted their target price for the company from $88.00 to $93.00 in a research note on Thursday, June 25th. BNP Paribas Exane upgraded shares of Diageo from an “underperform” rating to a “neutral” rating in a report on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Finally, Loop Capital set a $99.00 price objective on shares of Diageo in a report on Thursday, June 18th. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $106.25.

Diageo Stock Up 0.1%

DEO opened at $82.28 on Friday. The stock’s fifty day moving average is $81.66 and its two-hundred day moving average is $84.35. Diageo plc has a 52 week low of $72.45 and a 52 week high of $116.41. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60.

Diageo Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.