ProVise Management Group LLC Has $413,000 Stock Holdings in Diageo plc (NYSE:DEO)

ProVise Management Group LLC raised its holdings in Diageo plc (NYSE:DEO) by 16.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,778 shares of the company’s stock after acquiring an additional 383 shares during the quarter. ProVise Management Group LLC’s holdings in Diageo were worth $413,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Confluence Investment Management LLC acquired a new stake in shares of Diageo during the first quarter worth $125,474,000. Public Employees Retirement Association of Colorado boosted its stake in Diageo by 4,665.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 482,713 shares of the company’s stock worth $70,312,000 after acquiring an additional 472,583 shares in the last quarter. Saratoga Research & Investment Management bought a new position in Diageo during the fourth quarter worth $42,225,000. Wellington Management Group LLP boosted its stake in Diageo by 56.7% during the fourth quarter. Wellington Management Group LLP now owns 677,478 shares of the company’s stock worth $98,681,000 after acquiring an additional 245,255 shares in the last quarter. Finally, Natixis Advisors L.P. boosted its stake in Diageo by 55.9% during the fourth quarter. Natixis Advisors L.P. now owns 645,642 shares of the company’s stock worth $94,044,000 after acquiring an additional 231,396 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. The Goldman Sachs Group downgraded shares of Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Citigroup upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $3,730.00.

Diageo Price Performance

Diageo stock traded down $0.54 during mid-day trading on Friday, hitting $128.52. 1,223,707 shares of the company traded hands, compared to its average volume of 728,799. Diageo plc has a one year low of $124.80 and a one year high of $178.89. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73. The stock has a fifty day moving average price of $133.30 and a 200-day moving average price of $140.72.

Diageo Company Profile

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.