Cardan Capital Partners LLC Has $378,000 Holdings in Diageo plc (NYSE:DEO)

Cardan Capital Partners LLC grew its stake in Diageo plc (NYSE:DEO) by 138.8% in the first quarter, HoldingsChannel reports. The fund owned 2,971 shares of the company’s stock after acquiring an additional 1,727 shares during the period. Cardan Capital Partners LLC’s holdings in Diageo were worth $378,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Gamble Jones Investment Counsel grew its stake in shares of Diageo by 1.4% during the first quarter. Gamble Jones Investment Counsel now owns 20,938 shares of the company’s stock valued at $2,662,000 after purchasing an additional 298 shares during the last quarter. Royal Fund Management LLC acquired a new position in Diageo during the 1st quarter worth $1,637,000. Northwestern Mutual Wealth Management Co. boosted its position in Diageo by 12.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 57,870 shares of the company’s stock valued at $7,356,000 after buying an additional 6,545 shares during the last quarter. CORDA Investment Management LLC. increased its stake in shares of Diageo by 23.7% in the 1st quarter. CORDA Investment Management LLC. now owns 218,858 shares of the company’s stock valued at $27,821,000 after buying an additional 41,998 shares during the period. Finally, Clear Harbor Asset Management LLC increased its stake in shares of Diageo by 18.5% in the 1st quarter. Clear Harbor Asset Management LLC now owns 9,877 shares of the company’s stock valued at $1,256,000 after buying an additional 1,542 shares during the period. Institutional investors own 9.03% of the company’s stock.

DEO has been the subject of a number of research reports. Jefferies Financial Group lowered Diageo from a “hold” rating to an “underperform” rating in a research report on Friday, April 24th. Cfra lifted their price target on shares of Diageo from $166.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, February 5th. Argus downgraded shares of Diageo from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Sanford C. Bernstein raised shares of Diageo from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 15th. Finally, Morgan Stanley cut shares of Diageo from an “overweight” rating to an “equal weight” rating in a research report on Monday, April 20th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $160.50.

NYSE:DEO traded down $0.68 during trading hours on Friday, hitting $138.67. The stock had a trading volume of 384,404 shares, compared to its average volume of 503,478. Diageo plc has a one year low of $100.52 and a one year high of $176.22. The business’s 50 day moving average is $133.94 and its 200-day moving average is $150.40. The company has a market cap of $81.42 billion, a price-to-earnings ratio of 20.54, a P/E/G ratio of 4.94 and a beta of 0.60. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.53 and a current ratio of 1.15.

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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