Moon Capital Management LLC Acquires Shares of 1,496 Diageo plc (DEO)
Moon Capital Management LLC acquired a new stake in Diageo plc (NYSE:DEO) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,496 shares of the company’s stock, valued at approximately $218,000.
Other large investors have also added to or reduced their stakes in the company. Fagan Associates Inc. raised its position in shares of Diageo by 7.5% during the third quarter. Fagan Associates Inc. now owns 11,330 shares of the company’s stock worth $1,497,000 after acquiring an additional 795 shares during the last quarter. Strategic Global Advisors LLC bought a new position in shares of Diageo during the third quarter worth about $326,000. Dimensional Fund Advisors LP raised its position in shares of Diageo by 1.9% during the third quarter. Dimensional Fund Advisors LP now owns 486,548 shares of the company’s stock worth $64,288,000 after acquiring an additional 8,978 shares during the last quarter. Investment Centers of America Inc. bought a new position in shares of Diageo during the third quarter worth about $237,000. Finally, LVW Advisors LLC bought a new position in shares of Diageo during the third quarter worth about $976,000. 12.04% of the stock is currently owned by institutional investors and hedge funds.
Shares of Diageo plc (NYSE:DEO) traded down $0.57 during trading on Wednesday, reaching $144.38. The company’s stock had a trading volume of 440,100 shares, compared to its average volume of 485,900. The company has a quick ratio of 0.58, a current ratio of 1.30 and a debt-to-equity ratio of 0.58. Diageo plc has a 12-month low of $105.78 and a 12-month high of $147.06. The firm has a market capitalization of $89,290.00, a PE ratio of 24.77, a PEG ratio of 2.93 and a beta of 0.75.
DEO has been the subject of a number of analyst reports. Zacks Investment Research downgraded Diageo from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Berenberg Bank downgraded Diageo from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Evercore ISI initiated coverage on Diageo in a research report on Thursday, September 28th. They set an “outperform” rating and a $152.00 price objective for the company. Finally, Jefferies Group reiterated a “buy” rating and issued a $155.40 target price (up from $155.20) on shares of Diageo in a report on Saturday, September 30th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $155.60.
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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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