Gallacher Capital Management LLC Has $322,000 Holdings in Diageo plc (NYSE:DEO)

Gallacher Capital Management LLC grew its stake in Diageo plc (NYSE:DEO) by 15.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,162 shares of the company’s stock after acquiring an additional 285 shares during the period. Gallacher Capital Management LLC’s holdings in Diageo were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Diageo by 6.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,161,648 shares of the company’s stock worth $301,886,000 after buying an additional 137,397 shares during the last quarter. Markel Group Inc. lifted its stake in shares of Diageo by 0.4% in the 1st quarter. Markel Group Inc. now owns 1,360,408 shares of the company’s stock valued at $202,347,000 after purchasing an additional 5,700 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Diageo by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 856,908 shares of the company’s stock valued at $124,817,000 after purchasing an additional 14,789 shares during the period. Confluence Investment Management LLC bought a new position in shares of Diageo in the 1st quarter worth $125,474,000. Finally, Envestnet Asset Management Inc. increased its holdings in Diageo by 14.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 753,578 shares of the company’s stock valued at $109,766,000 after purchasing an additional 94,544 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Price Performance

Shares of NYSE DEO traded up $0.19 during mid-day trading on Friday, reaching $131.78. 216,942 shares of the company’s stock were exchanged, compared to its average volume of 726,135. Diageo plc has a twelve month low of $124.80 and a twelve month high of $179.78. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73. The business has a fifty day simple moving average of $134.23 and a 200 day simple moving average of $141.26.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group lowered Diageo from a “neutral” rating to a “sell” rating in a research report on Friday. Citigroup upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $3,730.00.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.