Diageo plc (NYSE:DEO) Shares Acquired by Veriti Management LLC

Veriti Management LLC lifted its stake in shares of Diageo plc (NYSE:DEOGet Rating) by 77.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,680 shares of the company’s stock after acquiring an additional 2,043 shares during the quarter. Veriti Management LLC’s holdings in Diageo were worth $951,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JNBA Financial Advisors boosted its holdings in Diageo by 132.7% during the fourth quarter. JNBA Financial Advisors now owns 121 shares of the company’s stock worth $27,000 after buying an additional 69 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC boosted its holdings in Diageo by 432.0% during the first quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 133 shares of the company’s stock worth $27,000 after buying an additional 108 shares in the last quarter. Standard Family Office LLC bought a new stake in Diageo during the fourth quarter worth approximately $31,000. Newbridge Financial Services Group Inc. bought a new stake in Diageo during the fourth quarter worth approximately $33,000. Finally, Arlington Partners LLC bought a new stake in Diageo during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 9.23% of the company’s stock.

A number of brokerages recently weighed in on DEO. Credit Suisse Group reduced their target price on shares of Diageo from GBX 4,700 ($57.57) to GBX 4,400 ($53.90) in a report on Friday, June 17th. Barclays decreased their price objective on shares of Diageo from GBX 4,800 ($58.79) to GBX 4,700 ($57.57) in a research note on Friday, April 22nd. Societe Generale raised their price objective on shares of Diageo from GBX 4,250 ($52.06) to GBX 4,500 ($55.12) in a research note on Tuesday, April 19th. StockNews.com lowered shares of Diageo from a “buy” rating to a “hold” rating in a research note on Wednesday, June 8th. Finally, JPMorgan Chase & Co. raised shares of Diageo from a “neutral” rating to an “overweight” rating in a research note on Thursday, March 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $4,200.00.

Shares of NYSE:DEO opened at $175.25 on Thursday. The firm has a fifty day moving average of $188.37 and a two-hundred day moving average of $198.59. Diageo plc has a 12-month low of $166.24 and a 12-month high of $223.14. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.52 and a quick ratio of 0.70.

Diageo Company Profile (Get Rating)

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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