CORDA Investment Management LLC. Grows Position in Diageo plc $DEO

CORDA Investment Management LLC. raised its holdings in shares of Diageo plc (NYSE:DEO) by 14.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 169,084 shares of the company’s stock after purchasing an additional 21,446 shares during the period. CORDA Investment Management LLC.’s holdings in Diageo were worth $12,588,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Glenview Trust Co lifted its position in shares of Diageo by 3.7% in the 4th quarter. Glenview Trust Co now owns 2,928 shares of the company’s stock worth $253,000 after purchasing an additional 104 shares during the period. Mission Wealth Management LP increased its holdings in Diageo by 4.0% during the fourth quarter. Mission Wealth Management LP now owns 2,992 shares of the company’s stock valued at $258,000 after buying an additional 114 shares during the period. Wynn Capital LLC raised its stake in Diageo by 2.5% in the fourth quarter. Wynn Capital LLC now owns 4,994 shares of the company’s stock worth $431,000 after buying an additional 122 shares in the last quarter. Intrust Bank NA raised its stake in Diageo by 4.4% in the fourth quarter. Intrust Bank NA now owns 3,270 shares of the company’s stock worth $282,000 after buying an additional 138 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC lifted its holdings in Diageo by 5.3% during the fourth quarter. Elevation Point Wealth Partners LLC now owns 2,792 shares of the company’s stock worth $241,000 after buying an additional 141 shares during the period. Institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

DEO has been the topic of a number of analyst reports. Loop Capital set a $99.00 price target on Diageo in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a research note on Monday, April 20th. TD Cowen upgraded shares of Diageo from a “hold” rating to a “buy” rating and boosted their target price for the stock from $88.00 to $93.00 in a report on Thursday, June 25th. Finally, Zacks Research upgraded shares of Diageo from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $106.25.

Diageo Trading Down 0.1%

Shares of DEO opened at $81.97 on Monday. The company has a current ratio of 1.60, a quick ratio of 0.71 and a debt-to-equity ratio of 1.53. Diageo plc has a 12 month low of $72.45 and a 12 month high of $116.41. The stock has a fifty day moving average price of $81.94 and a 200-day moving average price of $84.06.

Diageo Company 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.