Bradley Foster & Sargent Inc. CT Has $18.88 Million Position in Diageo plc (DEO)

Bradley Foster & Sargent Inc. CT reduced its position in shares of Diageo plc (NYSE:DEO) by 9.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 133,262 shares of the company’s stock after selling 14,056 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Diageo were worth $18,879,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DEO. Charles Schwab Investment Advisory Inc. bought a new position in Diageo during the 2nd quarter valued at about $301,365,000. Morgan Stanley increased its position in Diageo by 18.9% in the 2nd quarter. Morgan Stanley now owns 3,688,338 shares of the company’s stock valued at $531,157,000 after acquiring an additional 586,255 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in Diageo in the 2nd quarter valued at about $43,385,000. Cornerstone Wealth Management LLC acquired a new stake in Diageo in the 2nd quarter valued at about $1,136,000. Finally, Envestnet Asset Management Inc. increased its position in Diageo by 255.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 174,314 shares of the company’s stock valued at $25,104,000 after acquiring an additional 125,249 shares in the last quarter. 11.28% of the stock is owned by hedge funds and other institutional investors.

DEO traded up $1.58 during midday trading on Wednesday, hitting $138.69. The company had a trading volume of 53,345 shares, compared to its average volume of 430,323. The company has a current ratio of 1.37, a quick ratio of 0.58 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $85.89 billion, a PE ratio of 21.84, a PEG ratio of 2.55 and a beta of 0.63. Diageo plc has a twelve month low of $131.22 and a twelve month high of $151.30.

DEO has been the subject of several research reports. Argus initiated coverage on shares of Diageo in a research report on Friday, July 13th. They issued a “buy” rating and a $168.00 price objective for the company. Goldman Sachs Group upgraded shares of Diageo from a “neutral” rating to a “buy” rating and set a $168.00 price objective for the company in a research report on Thursday, July 12th. Finally, Zacks Investment Research upgraded shares of Diageo from a “sell” rating to a “hold” rating in a research report on Wednesday, September 5th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $158.40.

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.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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