Diageo plc (NYSE:DEO) Shares Acquired by Claro Advisors LLC

Claro Advisors LLC grew its stake in Diageo plc (NYSE:DEOGet Rating) by 30.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,729 shares of the company’s stock after purchasing an additional 404 shares during the period. Claro Advisors LLC’s holdings in Diageo were worth $301,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Samalin Investment Counsel LLC increased its holdings in shares of Diageo by 20.7% in the first quarter. Samalin Investment Counsel LLC now owns 321 shares of the company’s stock valued at $65,000 after purchasing an additional 55 shares during the period. Checchi Capital Advisers LLC increased its holdings in shares of Diageo by 2.0% in the first quarter. Checchi Capital Advisers LLC now owns 2,973 shares of the company’s stock valued at $604,000 after purchasing an additional 59 shares during the period. BCGM Wealth Management LLC increased its holdings in shares of Diageo by 1.1% in the second quarter. BCGM Wealth Management LLC now owns 5,649 shares of the company’s stock valued at $1,081,000 after purchasing an additional 59 shares during the period. Tevis Investment Management increased its holdings in shares of Diageo by 6.2% in the second quarter. Tevis Investment Management now owns 1,009 shares of the company’s stock valued at $175,000 after purchasing an additional 59 shares during the period. Finally, Norway Savings Bank boosted its stake in shares of Diageo by 3.3% in the second quarter. Norway Savings Bank now owns 1,878 shares of the company’s stock valued at $327,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 9.00% of the company’s stock.

Diageo Price Performance

Shares of NYSE:DEO opened at $183.01 on Thursday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.69 and a current ratio of 1.53. Diageo plc has a 52-week low of $160.09 and a 52-week high of $223.14. The stock’s fifty day simple moving average is $170.04 and its 200-day simple moving average is $177.12.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Royal Bank of Canada lifted their price target on Diageo from GBX 2,800 ($33.11) to GBX 3,000 ($35.47) in a research note on Friday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price target on Diageo from GBX 3,300 ($39.02) to GBX 3,350 ($39.61) in a research note on Monday, September 12th. StockNews.com assumed coverage on Diageo in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. BNP Paribas downgraded Diageo to a “neutral” rating in a research note on Tuesday, September 6th. Finally, Erste Group Bank downgraded Diageo from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4,198.75.

Diageo Company Profile

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

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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