Highland Capital Management LLC boosted its stake in shares of Diageo plc (NYSE:DEO – Free Report) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,610 shares of the company’s stock after buying an additional 380 shares during the quarter. Highland Capital Management LLC’s holdings in Diageo were worth $1,857,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in DEO. Milestone Asset Management LLC lifted its stake in shares of Diageo by 377.7% in the fourth quarter. Milestone Asset Management LLC now owns 9,845 shares of the company’s stock worth $1,252,000 after acquiring an additional 7,784 shares during the period. Iams Wealth Management LLC lifted its position in shares of Diageo by 18.2% in the 4th quarter. Iams Wealth Management LLC now owns 4,946 shares of the company’s stock worth $629,000 after purchasing an additional 761 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Diageo by 4.6% in the 4th quarter. Hantz Financial Services Inc. now owns 40,970 shares of the company’s stock valued at $5,209,000 after purchasing an additional 1,804 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in shares of Diageo by 1.5% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 7,218 shares of the company’s stock worth $918,000 after buying an additional 105 shares during the period. Finally, Stonegate Investment Group LLC lifted its holdings in Diageo by 6.9% in the fourth quarter. Stonegate Investment Group LLC now owns 3,868 shares of the company’s stock valued at $492,000 after buying an additional 250 shares during the period. Institutional investors own 8.97% of the company’s stock.
Analyst Upgrades and Downgrades
DEO has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. TD Cowen lifted their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Finally, UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $129.00.
Diageo Price Performance
Shares of NYSE:DEO opened at $121.61 on Friday. Diageo plc has a twelve month low of $113.99 and a twelve month high of $154.71. The stock’s 50 day moving average is $122.87 and its 200-day moving average is $127.45. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $67.65 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 3.98 and a beta of 0.67.
About Diageo
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.
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