Milestone Asset Management LLC Raises Stock Holdings in Diageo plc (NYSE:DEO)

Milestone Asset Management LLC increased its position in Diageo plc (NYSE:DEO) by 377.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,845 shares of the company’s stock after buying an additional 7,784 shares during the quarter. Milestone Asset Management LLC’s holdings in Diageo were worth $1,252,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in DEO. Brooklyn Investment Group purchased a new position in Diageo during the 3rd quarter valued at $25,000. Eastern Bank increased its position in Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the period. Modus Advisors LLC purchased a new position in Diageo during the 4th quarter valued at $35,000. Concord Wealth Partners purchased a new position in Diageo during the 3rd quarter valued at $38,000. Finally, Bruce G. Allen Investments LLC increased its position in Diageo by 1,395.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock valued at $42,000 after purchasing an additional 279 shares during the period. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Performance

Shares of NYSE DEO opened at $120.67 on Thursday. The firm’s 50-day moving average price is $122.84 and its 200-day moving average price is $127.50. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. Diageo plc has a 52-week low of $113.99 and a 52-week high of $154.71.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. 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. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.