Allspring Global Investments Holdings LLC Purchases 1,884 Shares of Diageo plc (NYSE:DEO)

Allspring Global Investments Holdings LLC lifted its position in shares of Diageo plc (NYSE:DEO – Get Rating) by 84.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,128 shares of the company’s stock after acquiring an additional 1,884 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Diageo were worth $700,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinnacle Holdings LLC bought a new stake in shares of Diageo during the first quarter worth $33,000. Hexagon Capital Partners LLC increased its holdings in Diageo by 206.2% in the second quarter. Hexagon Capital Partners LLC now owns 199 shares of the company’s stock valued at $35,000 after purchasing an additional 134 shares during the last quarter. Heritage Financial Services LLC bought a new stake in Diageo in the second quarter valued at about $34,000. Bogart Wealth LLC increased its holdings in Diageo by 10,000.0% in the second quarter. Bogart Wealth LLC now owns 202 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares during the last quarter. Finally, Hanson & Doremus Investment Management increased its holdings in Diageo by 119.4% in the third quarter. Hanson & Doremus Investment Management now owns 226 shares of the company’s stock valued at $38,000 after purchasing an additional 123 shares during the last quarter. Institutional investors own 9.04% of the company’s stock.

Diageo Price Performance

DEO stock opened at $185.96 on Monday. The company has a quick ratio of 0.69, a current ratio of 1.53 and a debt-to-equity ratio of 1.60. The business has a 50-day moving average of $181.86 and a 200-day moving average of $177.88. Diageo plc has a fifty-two week low of $160.09 and a fifty-two week high of $212.33.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DEO shares. Erste Group Bank downgraded Diageo from a “buy” rating to a “hold” rating in a report on Friday, November 18th. StockNews.com assumed coverage on Diageo in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft decreased their target price on Diageo from GBX 3,160 ($38.56) to GBX 2,750 ($33.56) in a research note on Thursday, January 12th. Credit Suisse Group boosted their target price on Diageo from GBX 4,400 ($53.69) to GBX 4,500 ($54.91) in a research note on Wednesday, January 4th. Finally, Morgan Stanley cut Diageo from an “overweight” rating to an “equal weight” rating in a research note on Friday, January 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4,113.33.

About Diageo

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