Transcend Wealth Collective LLC Has $1.25 Million Stake in Diageo plc (NYSE:DEO)

Transcend Wealth Collective LLC boosted its holdings in Diageo plc (NYSE:DEO) by 1.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,648 shares of the company’s stock after acquiring an additional 133 shares during the quarter. Transcend Wealth Collective LLC’s holdings in Diageo were worth $1,254,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. AKO Capital LLP bought a new position in Diageo in the 1st quarter valued at approximately $122,963,000. Cullen Capital Management LLC grew its stake in shares of Diageo by 374.1% in the first quarter. Cullen Capital Management LLC now owns 667,309 shares of the company’s stock worth $109,579,000 after purchasing an additional 526,546 shares during the last quarter. BlackRock Inc. increased its holdings in Diageo by 313.2% in the first quarter. BlackRock Inc. now owns 651,823 shares of the company’s stock valued at $107,036,000 after purchasing an additional 494,091 shares during the period. FMR LLC raised its position in Diageo by 586.2% during the 1st quarter. FMR LLC now owns 309,135 shares of the company’s stock worth $50,578,000 after purchasing an additional 264,083 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in Diageo by 26.4% during the 4th quarter. Clearbridge Investments LLC now owns 1,237,973 shares of the company’s stock worth $196,602,000 after buying an additional 258,833 shares during the period. 10.41% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently commented on the company. Morgan Stanley reiterated an “overweight” rating on shares of Diageo in a report on Thursday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Diageo in a report on Thursday, May 13th. Argus raised Diageo from a “hold” rating to a “buy” rating and set a $225.00 price objective for the company in a research note on Friday, June 4th. Berenberg Bank reiterated a “hold” rating on shares of Diageo in a report on Friday, May 14th. Finally, Citigroup restated a “neutral” rating on shares of Diageo in a report on Thursday, May 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $188.33.

Shares of DEO opened at $194.42 on Thursday. The firm’s 50 day simple moving average is $183.39. The stock has a market capitalization of $113.73 billion, a P/E ratio of 35.35, a price-to-earnings-growth ratio of 3.73 and a beta of 0.67. Diageo plc has a 12 month low of $127.12 and a 12 month high of $195.44. The company has a quick ratio of 0.91, a current ratio of 1.77 and a debt-to-equity ratio of 1.72.

Diageo Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, adult beverages, cachaça, spirits, and brandy, as well as beer, including cider and non-alcoholic products.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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