Barden Capital Management Inc. Has $665,000 Stake in Diageo plc (NYSE:DEO)

Barden Capital Management Inc. grew its position in Diageo plc (NYSE:DEO) by 10.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,473 shares of the company’s stock after purchasing an additional 407 shares during the period. Barden Capital Management Inc.’s holdings in Diageo were worth $665,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dorsey & Whitney Trust CO LLC grew its position in shares of Diageo by 6.0% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 5,458 shares of the company’s stock valued at $812,000 after purchasing an additional 309 shares during the last quarter. ProVise Management Group LLC grew its position in shares of Diageo by 16.0% in the first quarter. ProVise Management Group LLC now owns 2,778 shares of the company’s stock valued at $413,000 after purchasing an additional 383 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in shares of Diageo by 3.2% in the first quarter. Orion Portfolio Solutions LLC now owns 79,492 shares of the company’s stock valued at $11,824,000 after purchasing an additional 2,476 shares during the last quarter. Wilkins Investment Counsel Inc. acquired a new position in shares of Diageo in the first quarter valued at approximately $552,000. Finally, Kingsview Wealth Management LLC grew its position in shares of Diageo by 15.4% in the first quarter. Kingsview Wealth Management LLC now owns 1,708 shares of the company’s stock valued at $254,000 after purchasing an additional 228 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Diageo Stock Down 0.4 %

NYSE:DEO traded down $0.54 during trading hours on Friday, reaching $128.52. 1,223,707 shares of the company were exchanged, compared to its average volume of 728,799. The business has a 50 day moving average of $133.01 and a 200 day moving average of $140.60. Diageo plc has a 1-year low of $124.80 and a 1-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.

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.