Northwestern Mutual Wealth Management Co. Acquires 6,545 Shares of Diageo plc (NYSE:DEO)

Northwestern Mutual Wealth Management Co. lifted its position in Diageo plc (NYSE:DEO) by 12.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 57,870 shares of the company’s stock after purchasing an additional 6,545 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Diageo were worth $7,356,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Advisory Inc. grew its holdings in shares of Diageo by 3.8% in the 4th quarter. Charles Schwab Investment Advisory Inc. now owns 2,307,904 shares of the company’s stock worth $388,697,000 after purchasing an additional 84,661 shares during the last quarter. Confluence Investment Management LLC lifted its position in Diageo by 1.7% during the 1st quarter. Confluence Investment Management LLC now owns 925,268 shares of the company’s stock worth $117,620,000 after buying an additional 15,402 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Diageo by 5.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 384,878 shares of the company’s stock worth $64,821,000 after buying an additional 18,449 shares in the last quarter. Raymond James & Associates lifted its position in Diageo by 27.2% during the 1st quarter. Raymond James & Associates now owns 378,154 shares of the company’s stock worth $48,071,000 after buying an additional 80,888 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in Diageo by 5.7% during the 4th quarter. Stifel Financial Corp now owns 372,643 shares of the company’s stock worth $62,952,000 after buying an additional 20,029 shares in the last quarter. 9.03% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Diageo in a research report on Tuesday, March 17th. Argus downgraded shares of Diageo from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Edward Jones downgraded shares of Diageo from a “buy” rating to a “hold” rating in a research report on Thursday, April 23rd. Royal Bank of Canada downgraded shares of Diageo from an “outperform” rating to a “sector perform” rating in a research report on Monday, April 20th. Finally, Morgan Stanley downgraded shares of Diageo from an “overweight” rating to an “equal weight” rating in a research report on Monday, April 20th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Diageo currently has a consensus rating of “Hold” and an average price target of $160.50.

Diageo stock opened at $138.67 on Friday. The company has a market cap of $81.42 billion, a PE ratio of 20.54, a PEG ratio of 4.94 and a beta of 0.60. The company’s 50-day moving average is $133.94 and its two-hundred day moving average is $150.40. The company has a current ratio of 1.15, a quick ratio of 0.53 and a debt-to-equity ratio of 1.14. Diageo plc has a 1 year low of $100.52 and a 1 year high of $176.22.

Diageo 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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