Rodgers Brothers Inc. Lowers Stock Holdings in Diageo plc (NYSE:DEO)

Rodgers Brothers Inc. lowered its position in shares of Diageo plc (NYSE:DEO) by 1.6% in the 1st quarter, Holdings reports. The fund owned 23,789 shares of the company’s stock after selling 375 shares during the period. Rodgers Brothers Inc.’s holdings in Diageo were worth $3,906,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC grew its position in Diageo by 586.2% during the first quarter. FMR LLC now owns 309,135 shares of the company’s stock worth $50,578,000 after buying an additional 264,083 shares in the last quarter. OLD Mission Capital LLC bought a new position in shares of Diageo in the third quarter worth approximately $2,642,000. Rhumbline Advisers increased its position in shares of Diageo by 13.9% in the fourth quarter. Rhumbline Advisers now owns 1,798 shares of the company’s stock worth $286,000 after purchasing an additional 220 shares during the last quarter. Principle Wealth Partners LLC purchased a new stake in Diageo in the fourth quarter valued at approximately $279,000. Finally, ExodusPoint Capital Management LP bought a new stake in Diageo during the fourth quarter valued at approximately $498,000. Institutional investors and hedge funds own 10.35% of the company’s stock.

DEO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Diageo from an “underweight” rating to a “neutral” rating in a report on Friday, June 18th. Credit Suisse Group reiterated an “outperform” rating on shares of Diageo in a report on Thursday, May 13th. Sanford C. Bernstein lowered Diageo from an “outperform” rating to a “market perform” rating in a research report on Monday, June 14th. Argus raised Diageo from a “hold” rating to a “buy” rating and set a $225.00 target price for the company in a research note on Friday, June 4th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Diageo in a research note on Tuesday, June 22nd. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Diageo currently has a consensus rating of “Buy” and an average target price of $189.12.

Shares of Diageo stock traded up $0.49 on Thursday, hitting $190.33. The stock had a trading volume of 8,297 shares, compared to its average volume of 302,835. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.91 and a current ratio of 1.77. Diageo plc has a one year low of $127.12 and a one year high of $197.67. The firm has a 50-day moving average of $192.31. The firm has a market cap of $111.29 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 3.12 and a beta of 0.67.

Diageo Company Profile

Diageo Plc engages in the production and distribution of alcoholic beverages. Its brands include Johnnie Walker, Crown Royal, JeB, Buchanan’s, Windsor and Bushmills whiskies, Smirnoff, Ciroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray, and Guinness. It operates through the following geographical segments: North America; Europe and Turkey; Africa; Latin America and Caribbean; Asia Pacific; ISC; and Corporate and Other.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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