34,872 Shares in Diageo plc $DEO Acquired by Cantor Fitzgerald L. P.

Cantor Fitzgerald L. P. purchased a new stake in Diageo plc (NYSE:DEO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 34,872 shares of the company’s stock, valued at approximately $3,328,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Equity Investment Corp purchased a new position in shares of Diageo in the 3rd quarter valued at $92,970,000. Federated Hermes Inc. boosted its position in Diageo by 7.2% during the 3rd quarter. Federated Hermes Inc. now owns 726,578 shares of the company’s stock worth $69,337,000 after purchasing an additional 48,909 shares during the period. Savant Capital LLC purchased a new stake in Diageo during the 2nd quarter worth $310,000. Osaic Holdings Inc. increased its holdings in Diageo by 42.2% in the 2nd quarter. Osaic Holdings Inc. now owns 99,998 shares of the company’s stock valued at $10,099,000 after purchasing an additional 29,674 shares in the last quarter. Finally, Confluence Investment Management LLC increased its holdings in Diageo by 0.9% in the 3rd quarter. Confluence Investment Management LLC now owns 1,363,504 shares of the company’s stock valued at $130,119,000 after purchasing an additional 12,678 shares in the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Up 0.8%

Shares of Diageo stock opened at $77.37 on Friday. Diageo plc has a 1-year low of $75.77 and a 1-year high of $116.69. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60. The business has a 50-day moving average of $90.56 and a 200-day moving average of $93.31.

Analyst Ratings Changes

DEO has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research note on Wednesday, January 21st. Sanford C. Bernstein set a $124.00 target price on Diageo and gave the company an “outperform” rating in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Diageo in a report on Friday, November 28th. Royal Bank Of Canada upgraded Diageo from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 6th. Finally, Argus raised shares of Diageo to a “hold” rating in a research report on Tuesday, March 10th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $116.50.

Diageo 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.