The Manufacturers Life Insurance Company Increases Holdings in Diageo (DEO)

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.



DEO has been the subject of a number of research reports. Zacks Investment Research upgraded Diageo from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Tuesday, March 6th. Natixis downgraded Diageo from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 7th. ValuEngine upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, April 12th. Citigroup upgraded Diageo from a “neutral” rating to a “buy” rating in a research report on Friday, May 4th. Finally, Kepler Capital Markets upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $153.00.

Diageo Profile

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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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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