Fiduciary Group LLC raised its stake in Diageo plc (NYSE:DEO) by 1.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 4,999 shares of the company’s stock after acquiring an additional 67 shares during the quarter. Fiduciary Group LLC’s holdings in Diageo were worth $818,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Bangor Savings Bank grew its stake in shares of Diageo by 7.7% during the first quarter. Bangor Savings Bank now owns 2,512 shares of the company’s stock valued at $411,000 after acquiring an additional 179 shares in the last quarter. Hilltop Holdings Inc. grew its stake in shares of Diageo by 3.0% during the fourth quarter. Hilltop Holdings Inc. now owns 4,147 shares of the company’s stock valued at $588,000 after acquiring an additional 119 shares in the last quarter. Atwater Malick LLC acquired a new stake in shares of Diageo during the fourth quarter valued at about $3,859,000. Flagship Harbor Advisors LLC grew its stake in shares of Diageo by 22.3% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,518 shares of the company’s stock valued at $357,000 after acquiring an additional 459 shares in the last quarter. Finally, Covington Capital Management grew its stake in shares of Diageo by 2.0% during the fourth quarter. Covington Capital Management now owns 10,184 shares of the company’s stock valued at $1,444,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 10.55% of the company’s stock.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Diageo from a “sell” rating to a “hold” rating in a research note on Tuesday. Barclays started coverage on Diageo in a research note on Monday, April 1st. They set an “overweight” rating for the company. Investec downgraded Diageo from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. Finally, Liberum Capital upgraded Diageo from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $164.75.
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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.
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