Mitchell Capital Management Co. increased its stake in shares of Diageo plc (NYSE:DEO) by 7.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,056 shares of the company’s stock after acquiring an additional 425 shares during the period. Mitchell Capital Management Co.’s holdings in Diageo were worth $814,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Trust N.A. raised its position in shares of Diageo by 8.9% in the 2nd quarter. Raymond James Trust N.A. now owns 9,792 shares of the company’s stock valued at $1,316,000 after purchasing an additional 799 shares in the last quarter. OmniStar Financial Group Inc. raised its position in shares of Diageo by 38.5% in the 2nd quarter. OmniStar Financial Group Inc. now owns 1,781 shares of the company’s stock valued at $239,000 after purchasing an additional 495 shares in the last quarter. Private Trust Co. NA raised its position in shares of Diageo by 7.7% in the 2nd quarter. Private Trust Co. NA now owns 1,937 shares of the company’s stock valued at $265,000 after purchasing an additional 138 shares in the last quarter. BlackRock Inc. raised its position in shares of Diageo by 26.1% in the 1st quarter. BlackRock Inc. now owns 267,408 shares of the company’s stock valued at $33,993,000 after purchasing an additional 55,347 shares in the last quarter. Finally, Highland Capital Management LLC raised its position in shares of Diageo by 7.8% in the 1st quarter. Highland Capital Management LLC now owns 15,944 shares of the company’s stock valued at $2,027,000 after purchasing an additional 1,150 shares in the last quarter. 9.99% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on the company. UBS Group reiterated a “buy” rating on shares of Diageo in a report on Thursday, July 9th. HSBC assumed coverage on Diageo in a report on Wednesday, July 8th. They issued a “buy” rating for the company. Bryan, Garnier & Co upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 8th. Citigroup downgraded Diageo from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. Finally, Cfra lowered their price target on Diageo from $166.00 to $123.00 and set a “hold” rating for the company in a report on Tuesday, May 26th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $134.50.

DEO traded down $2.69 during trading on Friday, reaching $147.24. 425,236 shares of the company were exchanged, compared to its average volume of 313,003. The stock has a market cap of $86.03 billion, a P/E ratio of 21.81, a PEG ratio of 5.21 and a beta of 0.60. The firm has a 50 day moving average of $140.75 and a 200 day moving average of $142.68. The company has a current ratio of 1.15, a quick ratio of 0.53 and a debt-to-equity ratio of 1.14. Diageo plc has a 52 week low of $100.52 and a 52 week high of $176.22.

About Diageo

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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