Mutual Advisors LLC Increases Stock Holdings in Diageo plc (NYSE:DEO)

Mutual Advisors LLC lifted its stake in Diageo plc (NYSE:DEO) by 31.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,221 shares of the company’s stock after purchasing an additional 3,895 shares during the quarter. Mutual Advisors LLC’s holdings in Diageo were worth $1,904,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DEO. Canoe Financial LP boosted its holdings in Diageo by 88,407.3% during the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after acquiring an additional 8,104,301 shares during the period. Natixis Advisors LLC boosted its holdings in Diageo by 105.7% during the 3rd quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock valued at $133,240,000 after acquiring an additional 487,904 shares during the period. FMR LLC boosted its holdings 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 during the period. Raymond James & Associates boosted its holdings in Diageo by 52.3% during the 3rd quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock valued at $119,800,000 after acquiring an additional 293,017 shares during the period. Finally, Confluence Investment Management LLC boosted its holdings in Diageo by 30.5% during the 3rd quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock valued at $170,623,000 after acquiring an additional 284,046 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Up 4.7 %

Shares of NYSE DEO opened at $124.53 on Friday. 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 business has a fifty day simple moving average of $122.49 and a two-hundred day simple moving average of $127.62. Diageo plc has a twelve month low of $113.99 and a twelve month high of $154.71.

Wall Street Analyst Weigh In

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

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.