Planning Directions Inc. acquired a new position in shares of Diageo plc (NYSE:DEO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,411 shares of the company’s stock, valued at approximately $200,000.

A number of other institutional investors have also modified their holdings of the stock. Saratoga Research & Investment Management raised its stake in Diageo by 1.2% during the 4th quarter. Saratoga Research & Investment Management now owns 8,315 shares of the company’s stock worth $1,179,000 after buying an additional 102 shares during the period. Investment Partners LTD. acquired a new stake in Diageo during the 4th quarter worth $200,000. Steward Partners Investment Advisory LLC raised its stake in Diageo by 9.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,939 shares of the company’s stock worth $842,000 after buying an additional 533 shares during the period. Narwhal Capital Management raised its stake in Diageo by 1.8% during the 4th quarter. Narwhal Capital Management now owns 36,840 shares of the company’s stock worth $5,224,000 after buying an additional 640 shares during the period. Finally, Ipswich Investment Management Co. Inc. raised its stake in Diageo by 7.4% during the 4th quarter. Ipswich Investment Management Co. Inc. now owns 25,541 shares of the company’s stock worth $3,622,000 after buying an additional 1,770 shares during the period. 11.36% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently commented on the company. Zacks Investment Research downgraded Diageo from a “hold” rating to a “sell” rating in a research note on Monday, January 7th. Macquarie reaffirmed a “buy” rating on shares of Diageo in a research note on Sunday, December 16th. Finally, Sanford C. Bernstein downgraded Diageo from a “market perform” rating to an “underperform” rating in a research note on Friday, January 4th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $158.75.

Shares of DEO traded down $0.49 during midday trading on Wednesday, hitting $140.65. The stock had a trading volume of 2,775 shares, compared to its average volume of 460,270. Diageo plc has a twelve month low of $131.22 and a twelve month high of $151.30. The company has a market capitalization of $85.34 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 2.63 and a beta of 0.56. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.37 and a quick ratio of 0.58.

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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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