Wynn Capital LLC Has $475,000 Stake in Diageo plc (NYSE:DEO)

Wynn Capital LLC raised its stake in Diageo plc (NYSE:DEO) by 20.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,532 shares of the company’s stock after buying an additional 755 shares during the period. Wynn Capital LLC’s holdings in Diageo were worth $475,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DEO. FMR LLC raised its position in shares of Diageo by 10.9% during the fourth quarter. FMR LLC now owns 5,813,938 shares of the company’s stock worth $739,126,000 after purchasing an additional 571,873 shares during the period. Kovitz Investment Group Partners LLC raised its position in shares of Diageo by 234.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,600,702 shares of the company’s stock worth $330,627,000 after purchasing an additional 1,822,994 shares during the period. Royal Bank of Canada raised its position in shares of Diageo by 0.3% during the fourth quarter. Royal Bank of Canada now owns 1,540,800 shares of the company’s stock worth $195,883,000 after purchasing an additional 3,876 shares during the period. Bank of Montreal Can raised its position in shares of Diageo by 1,181.5% during the fourth quarter. Bank of Montreal Can now owns 1,406,004 shares of the company’s stock worth $178,745,000 after purchasing an additional 1,296,285 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Diageo by 9.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,220,534 shares of the company’s stock worth $155,167,000 after purchasing an additional 103,540 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DEO. Morgan Stanley reaffirmed an “underweight” rating on shares of Diageo in a research report on Monday, May 12th. Berenberg Bank began coverage on Diageo in a research report on Wednesday, April 2nd. They set a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $129.00.

Diageo Stock Down 0.1%

Shares of Diageo stock opened at $105.10 on Friday. The business’s 50 day simple moving average is $110.11 and its 200 day simple moving average is $114.35. Diageo plc has a 52-week low of $100.72 and a 52-week high of $142.73. The firm has a market cap of $58.47 billion, a PE ratio of 15.34, a P/E/G ratio of 2.39 and a beta of 0.58. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60.

Diageo Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.