Smith Salley & Associates Has $4.83 Million Stake in Diageo plc (DEO)

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Smith Salley & Associates grew its stake in shares of Diageo plc (NYSE:DEO) by 4.9% in the 3rd quarter, Holdings Channel reports. The firm owned 34,114 shares of the company’s stock after acquiring an additional 1,583 shares during the quarter. Smith Salley & Associates’ holdings in Diageo were worth $4,833,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Morgan Stanley lifted its stake in Diageo by 18.9% in the 2nd quarter. Morgan Stanley now owns 3,688,338 shares of the company’s stock worth $531,157,000 after acquiring an additional 586,255 shares in the last quarter. Charles Schwab Investment Advisory Inc. purchased a new stake in Diageo in the 2nd quarter worth about $301,365,000. Public Employees Retirement Association of Colorado lifted its stake in Diageo by 42.3% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 428,811 shares of the company’s stock worth $60,750,000 after acquiring an additional 127,547 shares in the last quarter. Cooke & Bieler LP lifted its stake in Diageo by 1.0% in the 2nd quarter. Cooke & Bieler LP now owns 396,317 shares of the company’s stock worth $57,074,000 after acquiring an additional 3,949 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Diageo by 0.4% in the 3rd quarter. Fisher Asset Management LLC now owns 384,018 shares of the company’s stock worth $54,404,000 after acquiring an additional 1,585 shares in the last quarter. 11.32% of the stock is owned by institutional investors and hedge funds.

Shares of DEO stock opened at $142.33 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.58 and a debt-to-equity ratio of 0.71. Diageo plc has a fifty-two week low of $131.22 and a fifty-two week high of $151.30. The stock has a market capitalization of $88.50 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 2.65 and a beta of 0.62.

Several equities research analysts recently issued reports on DEO shares. Argus started coverage on Diageo in a research note on Friday, July 13th. They issued a “buy” rating and a $168.00 price objective for the company. Zacks Investment Research raised Diageo from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Diageo has an average rating of “Buy” and a consensus target price of $158.40.

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Diageo Company 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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