Ritholtz Wealth Management Raises Position in Diageo plc (NYSE:DEO)

Ritholtz Wealth Management grew its position in Diageo plc (NYSE:DEO) by 31.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,700 shares of the company’s stock after buying an additional 881 shares during the period. Ritholtz Wealth Management’s holdings in Diageo were worth $608,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Roffman Miller Associates Inc. PA raised its holdings in Diageo by 25.5% in the first quarter. Roffman Miller Associates Inc. PA now owns 227,512 shares of the company’s stock worth $20,500,000 after buying an additional 46,197 shares during the last quarter. Usca Ria LLC grew its stake in shares of Diageo by 5.6% in the first quarter. Usca Ria LLC now owns 29,104 shares of the company’s stock worth $4,779,000 after acquiring an additional 1,538 shares during the period. First Mercantile Trust Co. grew its stake in shares of Diageo by 5.7% in the fourth quarter. First Mercantile Trust Co. now owns 17,165 shares of the company’s stock worth $2,726,000 after acquiring an additional 922 shares during the period. WealthStone Inc. bought a new stake in shares of Diageo in the fourth quarter worth approximately $220,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of Diageo by 1.0% in the first quarter. Janney Montgomery Scott LLC now owns 133,867 shares of the company’s stock worth $21,982,000 after acquiring an additional 1,380 shares during the period. 10.41% of the stock is owned by institutional investors and hedge funds.

DEO has been the subject of a number of research analyst reports. Credit Suisse Group reiterated an “outperform” rating on shares of Diageo in a research note on Thursday, May 13th. Citigroup reiterated a “neutral” rating on shares of Diageo in a research note on Thursday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Diageo in a research note on Thursday, May 13th. Berenberg Bank restated a “hold” rating on shares of Diageo in a research report on Friday, May 14th. Finally, Argus upgraded shares of Diageo from a “hold” rating to a “buy” rating and set a $225.00 target price for the company in a research report on Friday, June 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $188.33.

DEO opened at $194.95 on Friday. The company has a market capitalization of $114.04 billion, a price-to-earnings ratio of 35.45, a P/E/G ratio of 3.73 and a beta of 0.67. Diageo plc has a 1-year low of $127.12 and a 1-year high of $195.88. The stock has a 50 day moving average price of $183.94. The company has a current ratio of 1.77, a quick ratio of 0.91 and a debt-to-equity ratio of 1.72.

About Diageo

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, adult beverages, cachaça, spirits, and brandy, as well as beer, including cider and non-alcoholic products.

Featured Story: Price to Earnings Ratio (PE)

Institutional Ownership by Quarter for Diageo (NYSE:DEO)

Receive News & Ratings for Diageo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo and related companies with MarketBeat.com's FREE daily email newsletter.