Clear Harbor Asset Management LLC Invests $325,000 in Diageo plc (NYSE:DEO)

Clear Harbor Asset Management LLC acquired a new stake in Diageo plc (NYSE:DEO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,558 shares of the company’s stock, valued at approximately $325,000.

Several other hedge funds have also recently bought and sold shares of the company. Citigroup Inc. increased its stake in shares of Diageo by 4.4% in the third quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock valued at $22,234,000 after purchasing an additional 6,617 shares during the period. BNP Paribas Financial Markets increased its position in Diageo by 32.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after acquiring an additional 16,285 shares during the period. FMR LLC raised its stake in 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 in the last quarter. Canoe Financial LP boosted its position in Diageo by 88,407.3% during the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after acquiring an additional 8,104,301 shares during the period. Finally, Premier Path Wealth Partners LLC bought a new position in shares of Diageo in the fourth quarter worth $1,308,000. 8.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DEO has been the subject of several research analyst reports. TD Cowen upped their price objective on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $129.00.

Diageo Price Performance

Shares of Diageo stock 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 company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The company’s 50-day moving average price is $122.54 and its two-hundred day moving average price is $127.82.

Diageo Company 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.