Thoroughbred Financial Services LLC lifted its holdings in Diageo plc (NYSE:DEO) by 2.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,516 shares of the company’s stock after buying an additional 221 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Diageo were worth $1,557,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of DEO. Bank of New York Mellon Corp raised its holdings in shares of Diageo by 661.5% in the third quarter. Bank of New York Mellon Corp now owns 255,087 shares of the company’s stock valued at $36,139,000 after acquiring an additional 221,590 shares in the last quarter. CX Institutional bought a new position in Diageo in the fourth quarter worth about $105,000. Steward Partners Investment Advisory LLC raised its holdings in Diageo by 9.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,939 shares of the company’s stock worth $842,000 after purchasing an additional 533 shares in the last quarter. Planning Directions Inc. bought a new position in Diageo in the fourth quarter worth about $200,000. Finally, Virtu Financial LLC bought a new position in Diageo in the fourth quarter worth about $432,000. Hedge funds and other institutional investors own 10.55% of the company’s stock.

DEO has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Diageo from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Barclays initiated coverage on shares of Diageo in a report on Monday, April 1st. They issued an “overweight” rating for the company. Liberum Capital upgraded shares of Diageo from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Finally, Investec downgraded shares of Diageo from a “hold” rating to a “sell” rating in a report on Monday, March 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $164.75.

Diageo stock traded up $1.37 during trading hours on Thursday, reaching $171.42. The stock had a trading volume of 10,929 shares, compared to its average volume of 384,258. The company has a market capitalization of $103.84 billion, a PE ratio of 27.00, a P/E/G ratio of 2.95 and a beta of 0.54. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.73 and a current ratio of 1.48. Diageo plc has a 52 week low of $131.43 and a 52 week high of $170.94.

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Diageo 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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