Charles Schwab Investment Management Inc. Has $301.89 Million Holdings in Diageo plc (NYSE:DEO)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Diageo plc (NYSE:DEO) by 6.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,161,648 shares of the company’s stock after purchasing an additional 137,397 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Diageo were worth $301,886,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Planned Solutions Inc. bought a new position in shares of Diageo in the fourth quarter valued at about $27,000. Addison Advisors LLC lifted its position in shares of Diageo by 97.3% during the fourth quarter. Addison Advisors LLC now owns 217 shares of the company’s stock worth $32,000 after purchasing an additional 107 shares in the last quarter. Criterion Capital Advisors LLC bought a new stake in shares of Diageo during the fourth quarter valued at approximately $36,000. First Command Advisory Services Inc. acquired a new stake in shares of Diageo in the third quarter valued at approximately $48,000. Finally, Carmel Capital Partners LLC bought a new position in Diageo in the 3rd quarter worth approximately $49,000. Institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

Separately, BNP Paribas cut Diageo from a “neutral” rating to an “underperform” rating in a report on Friday, January 12th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $3,797.50.

Diageo Stock Up 0.9 %

Shares of NYSE:DEO traded up $1.31 during midday trading on Wednesday, hitting $140.35. The company had a trading volume of 427,039 shares, compared to its average volume of 788,510. The company has a quick ratio of 0.65, a current ratio of 1.58 and a debt-to-equity ratio of 1.73. Diageo plc has a 12 month low of $135.63 and a 12 month high of $186.37. The firm has a fifty day simple moving average of $144.39 and a 200 day simple moving average of $145.31.

About Diageo

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