Narwhal Capital Management Has $1.23 Million Stock Holdings in Diageo plc (NYSE:DEO)

Narwhal Capital Management decreased its position in Diageo plc (NYSE:DEO) by 44.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,697 shares of the company’s stock after selling 7,888 shares during the quarter. Narwhal Capital Management’s holdings in Diageo were worth $1,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Global Retirement Partners LLC lifted its position in Diageo by 1.1% during the 3rd quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock worth $1,143,000 after acquiring an additional 85 shares during the last quarter. Diversified Trust Co increased its stake in shares of Diageo by 5.6% in the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock worth $236,000 after purchasing an additional 98 shares during the period. Malaga Cove Capital LLC lifted its position in shares of Diageo by 3.4% during the 3rd quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock worth $421,000 after purchasing an additional 100 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its stake in Diageo by 4.7% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 2,542 shares of the company’s stock valued at $357,000 after purchasing an additional 114 shares during the period. Finally, Merit Financial Group LLC grew its holdings in Diageo by 6.2% in the 4th quarter. Merit Financial Group LLC now owns 2,000 shares of the company’s stock valued at $254,000 after buying an additional 116 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. TD Cowen upped their target price on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Finally, UBS Group upgraded shares of 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 assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $129.00.

Diageo Stock Up 4.7 %

DEO opened at $124.53 on Monday. The stock’s 50 day simple moving average is $122.62 and its 200-day simple moving average is $127.61. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo plc has a 1 year low of $113.99 and a 1 year high of $154.71.

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.