Iams Wealth Management LLC Raises Stock Holdings in Diageo plc (NYSE:DEO)

Iams Wealth Management LLC grew its stake in Diageo plc (NYSE:DEO) by 18.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,946 shares of the company’s stock after purchasing an additional 761 shares during the quarter. Iams Wealth Management LLC’s holdings in Diageo were worth $629,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DEO. Hantz Financial Services Inc. boosted its position in Diageo by 4.6% during the 4th quarter. Hantz Financial Services Inc. now owns 40,970 shares of the company’s stock valued at $5,209,000 after acquiring an additional 1,804 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Diageo by 1.5% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 7,218 shares of the company’s stock worth $918,000 after purchasing an additional 105 shares during the last quarter. Stonegate Investment Group LLC lifted its stake in shares of Diageo by 6.9% during the 4th quarter. Stonegate Investment Group LLC now owns 3,868 shares of the company’s stock worth $492,000 after purchasing an additional 250 shares during the last quarter. Perigon Wealth Management LLC boosted its position in Diageo by 22.3% during the fourth quarter. Perigon Wealth Management LLC now owns 2,218 shares of the company’s stock valued at $260,000 after purchasing an additional 405 shares in the last quarter. Finally, Buttonwood Financial Advisors Inc. boosted its holdings in shares of Diageo by 2.5% in the 4th quarter. Buttonwood Financial Advisors Inc. now owns 7,460 shares of the company’s stock valued at $948,000 after buying an additional 185 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on DEO. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen boosted their price objective on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $129.00.

Diageo Stock Down 1.3 %

Shares of Diageo stock opened at $121.91 on Wednesday. Diageo plc has a 1-year low of $113.99 and a 1-year high of $154.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The stock’s 50 day simple moving average is $122.84 and its 200-day simple moving average is $127.50.

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.