Diageo plc (NYSE:DEO) Shares Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC grew its holdings in Diageo plc (NYSE:DEO) by 32.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,770 shares of the company’s stock after purchasing an additional 1,400 shares during the quarter. Diversify Wealth Management LLC’s holdings in Diageo were worth $682,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Citigroup Inc. lifted its position in Diageo by 4.4% during the third quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock worth $22,234,000 after buying an additional 6,617 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Diageo by 32.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock worth $9,248,000 after acquiring an additional 16,285 shares during the period. FMR LLC boosted 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 valued at $735,671,000 after acquiring an additional 437,646 shares during the last quarter. Canoe Financial LP grew its holdings in shares of Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after purchasing an additional 8,104,301 shares during the period. Finally, Premier Path Wealth Partners LLC acquired a new stake in Diageo during the fourth quarter worth about $1,308,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Up 0.9 %

NYSE:DEO opened at $119.80 on Wednesday. Diageo plc has a 52 week low of $113.99 and a 52 week high of $154.71. The stock’s fifty day moving average is $122.54 and its two-hundred day moving average is $127.82. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, TD Cowen upped their price target on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $129.00.

Diageo Profile

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.