Sei Investments Co. Buys 18,107 Shares of Diageo plc $DEO

Sei Investments Co. increased its stake in Diageo plc (NYSE:DEO) by 12.3% in the first quarter, Holdings Channel.com reports. The firm owned 165,441 shares of the company’s stock after purchasing an additional 18,107 shares during the quarter. Sei Investments Co.’s holdings in Diageo were worth $12,315,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DEO. Lido Advisors LLC lifted its holdings in shares of Diageo by 31.7% in the first quarter. Lido Advisors LLC now owns 2,992 shares of the company’s stock valued at $223,000 after purchasing an additional 721 shares in the last quarter. NewEdge Wealth LLC grew its holdings in shares of Diageo by 45.8% during the first quarter. NewEdge Wealth LLC now owns 29,744 shares of the company’s stock worth $2,214,000 after buying an additional 9,350 shares in the last quarter. First Trust Advisors LP raised its position in Diageo by 12.0% in the 1st quarter. First Trust Advisors LP now owns 463,572 shares of the company’s stock valued at $34,513,000 after buying an additional 49,504 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in Diageo in the 1st quarter valued at approximately $34,000. Finally, Dimensional Fund Advisors LP lifted its stake in Diageo by 53.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,372,808 shares of the company’s stock valued at $102,124,000 after acquiring an additional 477,999 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Trading Down 1.1%

Shares of NYSE DEO opened at $88.04 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60. The business has a 50-day moving average of $82.52 and a 200-day moving average of $83.89. Diageo plc has a fifty-two week low of $72.45 and a fifty-two week high of $116.41.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research report on Friday, July 17th. Zacks Research downgraded shares of Diageo from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Loop Capital set a $99.00 price objective on shares of Diageo in a research report on Thursday, June 18th. Finally, TD Cowen upgraded shares of Diageo from a “hold” rating to a “buy” rating and increased their target price for the stock from $88.00 to $93.00 in a report on Thursday, June 25th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Diageo presently has a consensus rating of “Hold” and an average price target of $106.25.

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.