JPMorgan Chase & Co. Grows Position in Diageo plc (NYSE:DEO)

JPMorgan Chase & Co. boosted its position in shares of Diageo plc (NYSE:DEO - Free Report) by 25.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,116,994 shares of the company's stock after buying an additional 229,946 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.20% of Diageo worth $156,759,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Citigroup Inc. lifted its position in shares of Diageo by 4.4% during the 3rd quarter. Citigroup Inc. now owns 158,428 shares of the company's stock valued at $22,234,000 after buying an additional 6,617 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Diageo by 32.8% in the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company's stock valued at $9,248,000 after purchasing an additional 16,285 shares during the period. FMR LLC increased its stake in shares of Diageo by 9.1% during the third quarter. FMR LLC now owns 5,242,065 shares of the company's stock worth $735,671,000 after purchasing an additional 437,646 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of Diageo by 420.5% during the third quarter. Quantinno Capital Management LP now owns 39,189 shares of the company's stock worth $5,500,000 after purchasing an additional 31,660 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Diageo by 106.2% in the 3rd quarter. CIBC Asset Management Inc now owns 31,643 shares of the company's stock valued at $4,441,000 after buying an additional 16,300 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company's stock.

Wall Street Analysts Forecast Growth

DEO has been the subject of a number of research analyst reports. Bank of America raised Diageo from a "neutral" rating to a "buy" rating in a report on Thursday, September 12th. UBS Group upgraded shares of Diageo from a "sell" rating to a "buy" rating in a report on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded Diageo from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold".

Diageo Trading Up 0.3 %

Shares of DEO traded up $0.43 during mid-day trading on Wednesday, reaching $127.13. The stock had a trading volume of 433,663 shares, compared to its average volume of 815,197. Diageo plc has a 52-week low of $117.72 and a 52-week high of $154.71. The firm has a market cap of $70.72 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 3.59 and a beta of 0.69. The business's fifty day moving average is $123.91 and its 200 day moving average is $128.58. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

Diageo Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.