In the most recent Form 13F report that Atwater Malick LLC submitted to the Securities and Exchange Commission, the company stated that its holdings of Diageo plc (NYSE: DEO) had increased by 2.8% since the previous reporting period. The fund had a total holding of 38,291 shares of the company’s stock at the end of the period, which resulted from the purchase of an additional 1,027 shares of the company’s stock during the period. Diageo is the fifteenth-ranked company in the investment portfolio managed by Atwater Malick LLC. The firm has a 3.6% stake in the company. The value of Atwater Malick LLC’s holdings in Diageo was calculated to be a total of $6,502,000 as of the end of the most recent fiscal quarter.
Other institutional investors have been buying and selling DEO shares frequently, indicating their market activity. Sei Investments Company’s value in Diageo increased by 6.8% during the first three months of the year 2018. The value of Sei Investments Company’s holdings has increased to $9,647,000 as a result of the purchase of 3,034 additional shares of the company’s stock since the beginning of this quarter. During the first three months of 2018, the value of Sequoia Financial Advisors LLC’s investment in Diageo rose by 27.8%. Sequoia Financial Advisors LLC now owns 3,749 shares, valued at $762,000, after purchasing an additional 816 shares during the most recent fiscal quarter. Sequoia Financial Advisors LLC purchased these shares. During the first three months of this year, Merit Financial Group LLC increased the percentage of Diageo shares it owned by 19.2%. During the most recent quarter, Merit Financial Group LLC increased its company stock holdings by 198 shares, bringing its total number to 1,228. The value of these shares on the market as of right now is $249,000. In the first quarter of 2018, Ergoteles LLC boosted its ownership in Diageo by 34.3%. Ergoteles LLC now holds 1,366 shares of the company’s stock, which are currently valued at $277,000 following the acquisition of an additional 349 shares during the most recent quarter. And finally, during the first quarter of this year, Prudential Financial Inc. increased the amount of Diageo stock owned by 33.5%, bringing its total ownership percentage to 100%. After making an additional purchase of 1,704 shares during the most recent quarter, Prudential Financial Inc. is now the owner of 6,788 shares in the company, which have a value of $1,379,000. This is because the company made an additional purchase during that quarter. To the tune of 9.04% of the company’s stock, institutional investors and hedge funds collectively hold the company’s shares.
When the market opened on Wednesday, the price of a share of DEO’s stock was $187.74. The company’s average price over the past 50 days is $181.13, and the average price over the last 200 days is $177.62. The simple moving average is calculated using the last 50 days. The debt-to-equity ratio is 1.60, the quick ratio is 0.69, and the current ratio is 1.53; all three ratios are presented in their most recent forms. Within the past year, the share price of Diageo plc has ranged from a record low of $160.09 to an all-time high of $212.33.
Recently, several analysts have published the results of their research on DEO shares that they have conducted. Deutsche Bank Aktiengesellschaft announced in a research note published on January 12, 2019. In the note, the company stated that they would be decreasing their target price for Diageo shares from GBX 3,160 ($38.56) to GBX 2,750 ($33.56). The price objective that Credit Suisse Group has set for Diageo shares has increased from GBX 4,400 ($53.69) to GBX 4,500 ($54.91), as stated in a research note that was published on January 4. The company Diageo was given a “neutral” rating rather than a “buy” rating after being evaluated in a research study conducted by the UBS Group and made available to the general public on January 12. Barclays announced in a research note released on Tuesday, December 13, that they would be decreasing their price objective on Diageo shares from GBX 5,430 ($66.26) to GBX 5,010 ($61.13). Last but not least, Morgan Stanley changed its rating on the shares of Diageo from “overweight” to “equal weight” in a research note published on Friday, January 6. There is a recommendation to sell the stock made by one of the research analysts covering the comp