Diageo plc $DEO Stock Position Increased by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC increased its position in Diageo plc (NYSE:DEO) by 18.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 54,350 shares of the company’s stock after acquiring an additional 8,587 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Diageo were worth $5,187,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research firms recently commented on DEO. Royal Bank Of Canada raised shares of Diageo from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Diageo in a research report on Friday, November 28th. Barclays reissued an “overweight” rating on shares of Diageo in a research note on Thursday, December 11th. Finally, Zacks Research lowered Diageo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $116.50.

Diageo Stock Performance

Shares of NYSE:DEO opened at $82.14 on Tuesday. The firm has a 50 day simple moving average of $91.18 and a 200 day simple moving average of $94.15. Diageo plc has a 52 week low of $80.61 and a 52 week 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.

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.