Charles Schwab Investment Management Inc. Boosts Stock Position in Diageo plc (NYSE:DEO)

Charles Schwab Investment Management Inc. raised its stake in Diageo plc (NYSE:DEO) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,161,648 shares of the company’s stock after purchasing an additional 137,397 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.39% of Diageo worth $301,886,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DEO. Planned Solutions Inc. purchased a new position in Diageo during the 4th quarter worth $27,000. Addison Advisors LLC increased its position in Diageo by 97.3% during the 4th quarter. Addison Advisors LLC now owns 217 shares of the company’s stock worth $32,000 after purchasing an additional 107 shares during the period. Criterion Capital Advisors LLC acquired a new position in Diageo during the fourth quarter worth $36,000. First Command Advisory Services Inc. acquired a new position in shares of Diageo during the 3rd quarter worth $48,000. Finally, Carmel Capital Partners LLC purchased a new position in shares of Diageo in the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Price Performance

DEO stock traded up $1.31 during midday trading on Wednesday, reaching $140.35. 427,039 shares of the company’s stock traded hands, compared to its average volume of 788,510. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73. Diageo plc has a fifty-two week low of $135.63 and a fifty-two week high of $186.37. The business has a 50-day moving average price of $144.39 and a two-hundred day moving average price of $145.31.

Analysts Set New Price Targets

Separately, BNP Paribas downgraded shares of Diageo from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, Diageo currently has an average rating of “Hold” and a consensus target price of $3,797.50.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.