Union Bancaire Privee UBP SA Buys Shares of 2,421 Diageo plc (NYSE:DEO)

Union Bancaire Privee UBP SA purchased a new position in shares of Diageo plc (NYSE:DEO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,421 shares of the company’s stock, valued at approximately $285,000.

A number of other hedge funds also recently modified their holdings of the stock. Global Retirement Partners LLC boosted its holdings in shares of Diageo by 1.1% in the 3rd 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 lifted its position in Diageo by 5.6% in the 4th quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock worth $236,000 after buying an additional 98 shares during the last quarter. Malaga Cove Capital LLC boosted its stake in 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 buying an additional 100 shares in the last quarter. Farmers & Merchants Investments Inc. grew its position in Diageo by 4.7% during the third quarter. Farmers & Merchants Investments Inc. now owns 2,542 shares of the company’s stock valued at $357,000 after acquiring an additional 114 shares during the last quarter. Finally, Merit Financial Group LLC raised its stake in shares of Diageo by 6.2% during the fourth quarter. Merit Financial Group LLC now owns 2,000 shares of the company’s stock worth $254,000 after acquiring an additional 116 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, TD Cowen increased their target price 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 assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Diageo has an average rating of “Hold” and an average target price of $129.00.

Diageo Trading Down 1.7 %

Shares of NYSE:DEO opened at $123.56 on Wednesday. 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 52-week low of $113.99 and a 52-week high of $154.71. The stock has a 50 day moving average price of $122.76 and a 200-day moving average price of $127.55.

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.