Northeast Financial Consultants Inc Acquires New Stake in Diageo plc (NYSE:DEO)

Northeast Financial Consultants Inc acquired a new stake in shares of Diageo plc (NYSE:DEO) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,061 shares of the company’s stock, valued at approximately $337,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DEO. Bangor Savings Bank increased its stake in Diageo by 7.7% in the first quarter. Bangor Savings Bank now owns 2,512 shares of the company’s stock valued at $411,000 after acquiring an additional 179 shares during the period. Hallmark Capital Management Inc. bought a new stake in Diageo in the first quarter valued at about $501,000. Hilltop Holdings Inc. increased its stake in Diageo by 3.0% in the fourth quarter. Hilltop Holdings Inc. now owns 4,147 shares of the company’s stock valued at $588,000 after acquiring an additional 119 shares during the period. Atwater Malick LLC bought a new stake in Diageo in the fourth quarter valued at about $3,859,000. Finally, PNC Financial Services Group Inc. increased its stake in Diageo by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 102,570 shares of the company’s stock valued at $16,780,000 after acquiring an additional 1,598 shares during the period. 10.38% of the stock is owned by institutional investors and hedge funds.

Shares of Diageo stock opened at $171.95 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.73 and a debt-to-equity ratio of 0.94. The stock has a market cap of $104.79 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 3.10 and a beta of 0.50. Diageo plc has a 1-year low of $131.43 and a 1-year high of $174.73.

Several analysts have weighed in on DEO shares. Zacks Investment Research cut shares of Diageo from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Barclays started coverage on shares of Diageo in a research note on Monday, April 1st. They set an “overweight” rating on the stock. Finally, Investec cut shares of Diageo from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $165.75.

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Diageo Company 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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