Renaissance Technologies LLC increased its stake in Diageo plc (NYSE:DEO) by 27.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473,300 shares of the company’s stock after buying an additional 102,820 shares during the period. Renaissance Technologies LLC’s holdings in Diageo were worth $69,116,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership grew its holdings in Diageo by 4.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,193,871 shares of the company’s stock worth $174,341,000 after purchasing an additional 51,327 shares during the period. Dimensional Fund Advisors LP grew its holdings in Diageo by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 486,548 shares of the company’s stock worth $64,288,000 after purchasing an additional 8,978 shares during the period. Fisher Asset Management LLC grew its holdings in Diageo by 2,801.7% in the fourth quarter. Fisher Asset Management LLC now owns 422,482 shares of the company’s stock worth $61,695,000 after purchasing an additional 407,922 shares during the period. Baird Financial Group Inc. grew its holdings in Diageo by 0.3% in the fourth quarter. Baird Financial Group Inc. now owns 353,773 shares of the company’s stock worth $51,662,000 after purchasing an additional 1,141 shares during the period. Finally, Aperio Group LLC grew its holdings in Diageo by 11.2% in the fourth quarter. Aperio Group LLC now owns 195,348 shares of the company’s stock worth $28,527,000 after purchasing an additional 19,644 shares during the period. 11.87% of the stock is owned by institutional investors.
Shares of Diageo plc (DEO) opened at $136.27 on Monday. Diageo plc has a fifty-two week low of $111.89 and a fifty-two week high of $147.62. The company has a current ratio of 1.31, a quick ratio of 0.63 and a debt-to-equity ratio of 0.69.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Diageo from a “hold” rating to a “buy” rating and set a $163.00 price objective on the stock in a report on Thursday, January 4th. Royal Bank of Canada cut shares of Diageo from an “outperform” rating to a “sector perform” rating in a report on Monday, January 29th. They noted that the move was a valuation call. Jefferies Group set a $157.00 price objective on shares of Diageo and gave the stock a “buy” rating in a report on Thursday, January 11th. BNP Paribas cut shares of Diageo from an “outperform” rating to a “neutral” rating in a report on Monday, January 29th. Finally, Macquarie upgraded shares of Diageo from an “underperform” rating to a “neutral” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $153.00.
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Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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