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

Mutual Advisors LLC increased its stake in shares of Diageo plc (NYSE:DEO) by 31.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DEO. AE Wealth Management LLC lifted its stake in shares of Diageo by 106.8% during the 2nd quarter. AE Wealth Management LLC now owns 2,996 shares of the company’s stock worth $378,000 after purchasing an additional 1,547 shares during the last quarter. Sei Investments Co. raised its stake in Diageo by 1.7% in the second quarter. Sei Investments Co. now owns 133,341 shares of the company’s stock valued at $16,811,000 after buying an additional 2,230 shares during the last quarter. Marshall Wace LLP raised its stake in Diageo by 10.5% in the second quarter. Marshall Wace LLP now owns 35,586 shares of the company’s stock valued at $4,487,000 after buying an additional 3,386 shares during the last quarter. Insigneo Advisory Services LLC raised its stake in Diageo by 9.0% in the second quarter. Insigneo Advisory Services LLC now owns 4,395 shares of the company’s stock valued at $527,000 after buying an additional 362 shares during the last quarter. Finally, Scientech Research LLC purchased a new stake in Diageo in the second quarter valued at about $450,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Price Performance

Shares of DEO stock opened at $124.53 on Friday. The stock’s 50-day simple moving average is $122.49 and its 200-day simple moving average is $127.62. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. Diageo plc has a fifty-two week low of $113.99 and a fifty-two week high of $154.71.

Analysts Set New Price Targets

A number of equities research analysts have commented on DEO shares. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen increased 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $129.00.

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.