Gamco Investors INC. ET AL Boosts Stock Position in Diageo plc $DEO

Gamco Investors INC. ET AL raised its holdings in Diageo plc (NYSE:DEO) by 10.2% in the first quarter, Holdings Channel reports. The firm owned 186,176 shares of the company’s stock after purchasing an additional 17,241 shares during the period. Gamco Investors INC. ET AL’s holdings in Diageo were worth $13,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Third View Private Wealth LLC bought a new position in shares of Diageo during the 4th quarter valued at approximately $1,111,000. CORDA Investment Management LLC. increased its stake in shares of Diageo by 14.5% during the 1st quarter. CORDA Investment Management LLC. now owns 169,084 shares of the company’s stock worth $12,588,000 after purchasing an additional 21,446 shares during the last quarter. Great Hill Capital LLC raised its holdings in shares of Diageo by 110.0% in the 4th quarter. Great Hill Capital LLC now owns 69,460 shares of the company’s stock worth $5,992,000 after purchasing an additional 36,391 shares during the period. Philip James Wealth Mangement LLC raised its holdings in shares of Diageo by 31.4% in the 4th quarter. Philip James Wealth Mangement LLC now owns 61,492 shares of the company’s stock worth $5,305,000 after purchasing an additional 14,701 shares during the period. Finally, Teachers Retirement System of The State of Kentucky purchased a new position in Diageo in the fourth quarter valued at approximately $2,237,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Up 1.0%

Shares of Diageo stock opened at $83.12 on Friday. Diageo plc has a 12-month low of $72.45 and a 12-month high of $116.41. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.71. The company’s 50-day moving average price is $82.22 and its 200-day moving average price is $83.88.

Analysts Set New Price Targets

DEO has been the subject of several research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a report on Friday, July 17th. Loop Capital set a $99.00 target price on Diageo in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft raised Diageo from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. Finally, TD Cowen upgraded Diageo from a “hold” rating to a “buy” rating and increased their price target for the stock from $88.00 to $93.00 in a research note on Thursday, June 25th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $106.25.

Diageo Company Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.