Evermay Wealth Management LLC Takes $46,000 Position in Diageo plc (NYSE:DEO)

Evermay Wealth Management LLC bought a new stake in Diageo plc (NYSE:DEO) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 312 shares of the company’s stock, valued at approximately $46,000.

Several other institutional investors also recently modified their holdings of DEO. Confluence Investment Management LLC bought a new position in shares of Diageo in the first quarter valued at approximately $125,474,000. Public Employees Retirement Association of Colorado grew its holdings in Diageo by 4,665.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 482,713 shares of the company’s stock valued at $70,312,000 after purchasing an additional 472,583 shares during the period. Saratoga Research & Investment Management bought a new position in Diageo during the fourth quarter valued at $42,225,000. Wellington Management Group LLP grew its holdings in Diageo by 56.7% during the fourth quarter. Wellington Management Group LLP now owns 677,478 shares of the company’s stock valued at $98,681,000 after purchasing an additional 245,255 shares during the period. Finally, Natixis Advisors L.P. grew its holdings in Diageo by 55.9% during the fourth quarter. Natixis Advisors L.P. now owns 645,642 shares of the company’s stock valued at $94,044,000 after purchasing an additional 231,396 shares during the period. 8.97% of the stock is owned by institutional investors.

Diageo Stock Up 0.8 %

Shares of DEO stock traded up $0.98 on Thursday, reaching $130.62. The company’s stock had a trading volume of 1,041,269 shares, compared to its average volume of 736,685. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73. Diageo plc has a 12-month low of $124.80 and a 12-month high of $178.83. The stock’s 50 day simple moving average is $131.96 and its 200-day simple moving average is $140.23.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DEO. Citigroup raised Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. The Goldman Sachs Group lowered Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Diageo currently has an average rating of “Hold” and a consensus target price of $3,730.00.

Diageo Company Profile

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.