Haverford Trust Co. boosted its position in shares of Diageo plc (NYSE:DEO) by 4.2% during the first quarter, Holdings Channel reports. The institutional investor owned 10,991 shares of the company’s stock after buying an additional 445 shares during the period. Haverford Trust Co.’s holdings in Diageo plc were worth $1,270,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Mascoma Wealth Management LLC purchased a new stake in Diageo plc during the fourth quarter worth about $119,000. Tradewinds Capital Management LLC boosted its stake in Diageo plc by 8.5% in the first quarter. Tradewinds Capital Management LLC now owns 1,176 shares of the company’s stock worth $136,000 after buying an additional 92 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Diageo plc by 429.2% in the first quarter. Quadrant Capital Group LLC now owns 1,249 shares of the company’s stock worth $137,000 after buying an additional 1,013 shares in the last quarter. Advisors Preferred LLC purchased a new stake in Diageo plc during the first quarter worth about $140,000. Finally, Pinnacle Bank purchased a new stake in Diageo plc during the first quarter worth about $155,000.
Shares of Diageo plc (NYSE:DEO) traded up 0.52% during mid-day trading on Friday, reaching $120.65. The company’s stock had a trading volume of 225,658 shares. Diageo plc has a 52-week low of $99.46 and a 52-week high of $122.45. The firm has a market cap of $75.74 billion and a price-to-earnings ratio of 25.16. The firm has a 50 day moving average price of $117.14 and a 200 day moving average price of $110.51.
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A number of analysts have recently issued reports on DEO shares. Jefferies Group LLC set a $120.00 price objective on Diageo plc and gave the company a “buy” rating in a research report on Saturday, March 18th. Zacks Investment Research upgraded Diageo plc from a “sell” rating to a “hold” rating in a research report on Thursday, April 20th. Liberum Capital cut Diageo plc from a “hold” rating to a “sell” rating in a research report on Monday, January 30th. Finally, Goldman Sachs Group Inc cut Diageo plc from a “neutral” rating to a “sell” rating in a research report on Thursday, March 30th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $125.00.
Diageo plc Company Profile
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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