Rehmann Capital Advisory Group Purchases 283 Shares of Diageo plc (NYSE:DEO)

Rehmann Capital Advisory Group grew its holdings in Diageo plc (NYSE:DEO) by 36.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,063 shares of the company’s stock after purchasing an additional 283 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Diageo were worth $174,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Acima Private Wealth LLC grew its stake in shares of Diageo by 29.3% in the first quarter. Acima Private Wealth LLC now owns 265 shares of the company’s stock worth $43,000 after acquiring an additional 60 shares in the last quarter. Grove Bank & Trust lifted its position in shares of Diageo by 3.2% during the 1st quarter. Grove Bank & Trust now owns 1,996 shares of the company’s stock worth $326,000 after purchasing an additional 61 shares during the last quarter. Marietta Wealth Management LLC lifted its position in shares of Diageo by 2.1% during the 1st quarter. Marietta Wealth Management LLC now owns 3,016 shares of the company’s stock worth $493,000 after purchasing an additional 61 shares during the last quarter. Capital Insight Partners LLC lifted its position in Diageo by 0.7% in the first quarter. Capital Insight Partners LLC now owns 8,739 shares of the company’s stock valued at $1,430,000 after acquiring an additional 65 shares during the last quarter. Finally, Moody National Bank Trust Division lifted its position in Diageo by 0.6% in the first quarter. Moody National Bank Trust Division now owns 10,772 shares of the company’s stock valued at $1,762,000 after acquiring an additional 65 shares during the last quarter. 10.38% of the stock is currently owned by institutional investors and hedge funds.

DEO has been the subject of a number of research reports. Investec raised shares of Standard Chartered from a “hold” rating to a “buy” rating in a research report on Monday, March 25th. Kepler Capital Markets reiterated a “hold” rating on shares of HEIDELBERGCEMEN/ADR in a research note on Tuesday. Zacks Investment Research upgraded shares of GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a research note on Monday, May 27th. Finally, Barclays restated a “sell” rating on shares of easyJet in a research report on Monday, April 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Diageo presently has an average rating of “Hold” and a consensus target price of $173.00.

NYSE:DEO traded down $2.27 during trading hours on Friday, reaching $170.26. 279,053 shares of the company were exchanged, compared to its average volume of 236,795. Diageo plc has a 52-week low of $131.43 and a 52-week high of $176.07. The company’s 50 day moving average is $171.63. The stock has a market cap of $103.76 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 2.98 and a beta of 0.49. The company has a current ratio of 1.48, a quick ratio of 0.73 and a debt-to-equity ratio of 0.94.

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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