OLD National Bancorp IN Has $212,000 Holdings in Diageo plc (DEO)

OLD National Bancorp IN cut its holdings in Diageo plc (NYSE:DEO) by 39.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,291 shares of the company’s stock after selling 830 shares during the period. OLD National Bancorp IN’s holdings in Diageo were worth $212,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Diageo by 661.5% during the third quarter. Bank of New York Mellon Corp now owns 255,087 shares of the company’s stock valued at $36,139,000 after purchasing an additional 221,590 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of Diageo by 9.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,939 shares of the company’s stock valued at $842,000 after acquiring an additional 533 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Diageo during the fourth quarter valued at approximately $432,000. MACRO Consulting Group bought a new position in shares of Diageo during the fourth quarter valued at approximately $1,536,000. Finally, Harbour Capital Advisors LLC raised its holdings in shares of Diageo by 6.5% during the fourth quarter. Harbour Capital Advisors LLC now owns 2,945 shares of the company’s stock valued at $418,000 after acquiring an additional 180 shares in the last quarter. Institutional investors own 10.55% of the company’s stock.

Shares of Diageo stock opened at $169.81 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.48 and a debt-to-equity ratio of 0.94. The company has a market cap of $103.48 billion, a P/E ratio of 26.74, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54. Diageo plc has a 52 week low of $131.43 and a 52 week high of $171.58.

DEO has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Diageo from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Barclays initiated coverage on Diageo in a report on Monday, April 1st. They set an “overweight” rating for the company. Liberum Capital upgraded Diageo from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Finally, Investec downgraded Diageo from a “hold” rating to a “sell” rating in a report on Monday, March 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $164.75.

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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.

Read More: Intrinsic Value

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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