The Manufacturers Life Insurance Company grew its position in Diageo (NYSE:DEO) by 23.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,086,463 shares of the company’s stock after acquiring an additional 205,820 shares during the quarter. The Manufacturers Life Insurance Company owned 0.17% of Diageo worth $147,129,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Trustcore Financial Services LLC bought a new stake in shares of Diageo in the 4th quarter worth approximately $107,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new stake in shares of Diageo in the 4th quarter worth approximately $108,000. Creative Financial Designs Inc. ADV bought a new stake in shares of Diageo in the 1st quarter worth approximately $135,000. Icon Wealth Partners LLC bought a new stake in shares of Diageo in the 4th quarter worth approximately $151,000. Finally, Loomis Sayles & Co. L P lifted its position in shares of Diageo by 249.9% in the 1st quarter. Loomis Sayles & Co. L P now owns 1,221 shares of the company’s stock worth $165,000 after acquiring an additional 872 shares during the period. Institutional investors own 11.67% of the company’s stock.
Diageo stock opened at $147.10 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 1.31 and a debt-to-equity ratio of 0.69. The company has a market cap of $91.96 billion, a P/E ratio of 26.65, a P/E/G ratio of 3.25 and a beta of 0.72. Diageo has a one year low of $117.73 and a one year high of $148.75.
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, Tanqueray, and Guinness.
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