Gabelli Funds Adds $7M in Diageo plc ($DEO)
Key Points
- Gabelli Funds changed its Diageo plc ($DEO) stake by 15.75% last quarter, boosting to 659,821 shares worth $53.04 million.
- Wall Street's consensus rating on $DEO is Buy and an average price target of $106.29.
- $DEO last traded around $80.38.
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Gabelli Funds increased its position in Diageo plc ($DEO) by 15.75% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 659,821 shares of Diageo plc after buying 89,771 shares during the quarter. Gabelli Funds's holdings in Diageo plc were worth $53.04 million as of its most recent filing.
Diageo plc Stock Down 13.6%
Shares of Diageo plc ($DEO) traded around $80.38 on Saturday, down 13.6% for the day.
Diageo plc Earnings
Diageo plc Dividend
Analysts Set New Price Targets
About Diageo plc
Diageo plc, together with its subsidiaries, engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa. It offers beer, scotch, gin, vodka, rum, liqueur, raki, wine, cachaça, tequila, brandy, and Chinese white spirit beverages, as well as Irish, Canadian, Chinese US, and Indian whisky. The company also provides ready-to-drink and non-alcoholic beverages. Its principal brands include Johnnie Walker, Don Julio, Guinness, Crown Royal, Smirnoff, Baileys, Captain Morgan, Buchanan's, Casamigos, Shui Jing Fang, and McDowell's. The company was formerly known as Guinness plc and changed its name to Diageo plc in February 1998. The company was incorporated in 1886 and is headquartered in London, the United Kingdom.
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