Diageo
About: Formed in 1997 through the merger of Grand Metropolitan and Guinness, Diageo is the largest distiller globally by sales. Diageo acquired some of the Seagram assets in 2001, which gave it brands such as Captain Morgan rum and Crown Royal Canadian whisky. Since then, mergers and acquisitions have mostly been bolt-on in nature, plugging gaps in the company's product and geographic portfolio. The firm has also shed noncore brands over the years, including the majority of its wine assets in 2015.
Employees: 30,092
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 6 (+3) [Q3]
24% more first-time investments, than exits
New positions opened: 114 | Existing positions closed: 92
8% more capital invested
Capital invested by funds: $7.87B [Q2] → $8.47B (+$595M) [Q3]
1% more funds holding
Funds holding: 943 [Q2] → 952 (+9) [Q3]
0.08% less ownership
Funds ownership: 2.81% [Q2] → 2.74% (-0.08%) [Q3]
2% less repeat investments, than reductions
Existing positions increased: 334 | Existing positions reduced: 340
10% less call options, than puts
Call options by funds: $64.9M | Put options by funds: $72M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
TD Cowen | 8%upside $129 | Hold Maintained | 8 Jan 2025 |
Financial journalist opinion
Based on 12 articles about DEO published over the past 30 days