Mirae Asset Global Investments Co. Ltd. Has $766,000 Position in Diageo plc (DEO)

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Mirae Asset Global Investments Co. Ltd. cut its stake in shares of Diageo plc (NYSE:DEO) by 18.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 5,410 shares of the company’s stock after selling 1,214 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Diageo were worth $766,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Morgan Stanley lifted its position in Diageo by 18.9% during the second quarter. Morgan Stanley now owns 3,688,338 shares of the company’s stock valued at $531,157,000 after purchasing an additional 586,255 shares in the last quarter. Charles Schwab Investment Advisory Inc. purchased a new position in Diageo during the second quarter valued at $301,365,000. Public Employees Retirement Association of Colorado lifted its position in Diageo by 42.3% during the third quarter. Public Employees Retirement Association of Colorado now owns 428,811 shares of the company’s stock valued at $60,750,000 after purchasing an additional 127,547 shares in the last quarter. Fisher Asset Management LLC lifted its position in Diageo by 0.4% during the third quarter. Fisher Asset Management LLC now owns 384,018 shares of the company’s stock valued at $54,404,000 after purchasing an additional 1,585 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position in Diageo by 0.7% during the third quarter. Baird Financial Group Inc. now owns 335,745 shares of the company’s stock valued at $48,280,000 after purchasing an additional 2,323 shares in the last quarter. Institutional investors own 11.12% of the company’s stock.

Several research firms recently weighed in on DEO. Zacks Investment Research upgraded Diageo from a “sell” rating to a “hold” rating in a research report on Wednesday, September 5th. Macquarie restated a “buy” rating on shares of Diageo in a research report on Sunday. 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 price target of $158.40.

Shares of Diageo stock opened at $140.75 on Wednesday. Diageo plc has a 52 week low of $131.22 and a 52 week high of $151.30. The stock has a market capitalization of $87.62 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 2.64 and a beta of 0.63. The company has a current ratio of 1.37, a quick ratio of 0.58 and a debt-to-equity ratio of 0.71.

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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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