Cetera Advisors LLC Acquires 677 Shares of Diageo plc (NYSE:DEO)

Cetera Advisors LLC raised its holdings in Diageo plc (NYSE:DEO) by 24.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,392 shares of the company’s stock after buying an additional 677 shares during the quarter. Cetera Advisors LLC’s holdings in Diageo were worth $431,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DEO. Great Diamond Partners LLC bought a new stake in shares of Diageo during the fourth quarter valued at approximately $32,000. Verus Capital Partners LLC bought a new stake in shares of Diageo during the fourth quarter valued at approximately $34,000. Sound Income Strategies LLC bought a new stake in shares of Diageo during the first quarter valued at approximately $35,000. Wealthcare Advisory Partners LLC boosted its position in shares of Diageo by 82.6% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 221 shares of the company’s stock valued at $37,000 after purchasing an additional 100 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA boosted its position in shares of Diageo by 47.5% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 233 shares of the company’s stock valued at $39,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 9.03% of the company’s stock.

Diageo stock opened at $139.35 on Friday. Diageo plc has a 12 month low of $100.52 and a 12 month high of $176.22. The business’s fifty day simple moving average is $133.94 and its two-hundred day simple moving average is $150.40. The company has a current ratio of 1.15, a quick ratio of 0.53 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $81.42 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 4.94 and a beta of 0.60.

Several research firms recently weighed in on DEO. JPMorgan Chase & Co. restated an “underweight” rating on shares of Diageo in a research report on Tuesday, March 17th. Jefferies Financial Group downgraded Diageo from a “hold” rating to an “underperform” rating in a report on Friday, April 24th. Argus downgraded Diageo from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Edward Jones downgraded Diageo from a “buy” rating to a “hold” rating in a report on Thursday, April 23rd. Finally, Investec downgraded Diageo from a “hold” rating to a “sell” rating in a report on Tuesday, March 17th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $160.50.

Diageo Company 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, Bundaberg, McDowell's No.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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