Stonegate Investment Group LLC Has $492,000 Position in Diageo plc (NYSE:DEO)

Stonegate Investment Group LLC grew its holdings in Diageo plc (NYSE:DEO) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,868 shares of the company’s stock after buying an additional 250 shares during the quarter. Stonegate Investment Group LLC’s holdings in Diageo were worth $492,000 as of its most recent filing with the SEC.

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

Diageo Stock Performance

Shares of DEO opened at $123.56 on Wednesday. Diageo plc has a 12 month low of $113.99 and a 12 month high of $154.71. The firm has a fifty day simple moving average of $122.76 and a 200 day simple moving average of $127.55. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. TD Cowen boosted their price objective on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Finally, UBS Group raised 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 issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Diageo has an average rating of “Hold” and a consensus target price 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.