Ramsay Stattman Vela & Price Inc. grew its position in shares of Diageo plc (NYSE:DEO) by 0.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,279 shares of the company’s stock after buying an additional 235 shares during the quarter. Diageo makes up about 3.1% of Ramsay Stattman Vela & Price Inc.’s investment portfolio, making the stock its 12th biggest position. Ramsay Stattman Vela & Price Inc.’s holdings in Diageo were worth $8,553,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the business. Bank of New York Mellon Corp grew its stake in shares of Diageo by 661.5% during the third quarter. Bank of New York Mellon Corp now owns 255,087 shares of the company’s stock valued at $36,139,000 after purchasing an additional 221,590 shares during the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of Diageo by 27.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 547,691 shares of the company’s stock valued at $77,663,000 after purchasing an additional 118,880 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Diageo during the fourth quarter valued at approximately $10,851,000. Edge Capital Group LLC bought a new stake in shares of Diageo during the fourth quarter valued at approximately $7,644,000. Finally, OLD Mission Capital LLC grew its stake in shares of Diageo by 124.2% during the fourth quarter. OLD Mission Capital LLC now owns 71,120 shares of the company’s stock valued at $10,085,000 after purchasing an additional 39,402 shares during the last quarter. 10.55% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on DEO. Zacks Investment Research raised shares of Diageo from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. Investec cut shares of Diageo from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. Liberum Capital raised shares of Diageo from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st. Finally, Barclays assumed coverage on shares of Diageo in a research note on Monday, April 1st. They issued an “overweight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Diageo presently has an average rating of “Hold” and an average target price of $164.75.
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Diageo Company Profile
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.
Read More: Intrinsic Value and Stock Selection
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