First Hawaiian Bank Has $687,000 Stock Position in Diageo plc (NYSE:DEO)

First Hawaiian Bank grew its stake in shares of Diageo plc (NYSE:DEO) by 24.6% during the 4th quarter, Holdings Channel reports. The firm owned 5,407 shares of the company’s stock after buying an additional 1,069 shares during the period. First Hawaiian Bank’s holdings in Diageo were worth $687,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. FMR LLC increased its position in shares of Diageo by 9.1% during the 3rd 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 during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Diageo by 13.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company’s stock worth $176,042,000 after acquiring an additional 147,920 shares during the last quarter. Confluence Investment Management LLC increased its holdings in shares of Diageo by 30.5% during the 3rd quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after acquiring an additional 284,046 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Diageo by 7.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,127,576 shares of the company’s stock worth $142,165,000 after acquiring an additional 74,745 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Diageo by 25.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company’s stock worth $156,759,000 after acquiring an additional 229,946 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

DEO has been the topic of a number of recent analyst reports. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. TD Cowen boosted their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Performance

DEO opened at $118.30 on Friday. The business has a fifty day simple moving average of $123.10 and a 200 day simple moving average of $128.27. The company has a market capitalization of $65.81 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 3.73 and a beta of 0.67. Diageo plc has a 1 year low of $117.72 and a 1 year high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

About Diageo

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.