Neuberger Berman Group LLC Has $17.65 Million Stake in Diageo (DEO)

Neuberger Berman Group LLC trimmed its stake in Diageo (NYSE:DEO) by 3.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 130,297 shares of the company’s stock after selling 3,978 shares during the quarter. Neuberger Berman Group LLC’s holdings in Diageo were worth $17,645,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stevens Capital Management LP acquired a new position in shares of Diageo in the first quarter worth $358,000. Geneva Partners LLC acquired a new position in shares of Diageo in the first quarter worth $456,000. O Shaughnessy Asset Management LLC raised its holdings in shares of Diageo by 36.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,421 shares of the company’s stock worth $599,000 after acquiring an additional 1,187 shares during the last quarter. Aperio Group LLC raised its holdings in shares of Diageo by 8.7% in the first quarter. Aperio Group LLC now owns 212,436 shares of the company’s stock worth $28,768,000 after acquiring an additional 17,088 shares during the last quarter. Finally, ETRADE Capital Management LLC raised its holdings in shares of Diageo by 27.1% in the first quarter. ETRADE Capital Management LLC now owns 9,534 shares of the company’s stock worth $1,291,000 after acquiring an additional 2,030 shares during the last quarter. 11.69% of the stock is owned by institutional investors.

A number of equities research analysts have recently commented on the company. Zacks Investment Research downgraded Diageo from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. ValuEngine downgraded Diageo from a “buy” rating to a “hold” rating in a research report on Monday, May 7th. BNP Paribas downgraded Diageo from an “outperform” rating to a “neutral” rating in a research report on Monday, January 29th. Natixis downgraded Diageo from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 7th. Finally, Macquarie raised Diageo from an “underperform” rating to a “neutral” rating in a research report on Wednesday, February 7th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $153.00.

Shares of NYSE:DEO opened at $146.34 on Friday. The firm has a market capitalization of $91.07 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 3.04 and a beta of 0.70. The company has a quick ratio of 0.63, a current ratio of 1.31 and a debt-to-equity ratio of 0.69. Diageo has a 52 week low of $117.73 and a 52 week high of $148.37.

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, Tanqueray, and Guinness.

Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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