Highland Capital Management LLC Buys 380 Shares of Diageo plc (NYSE:DEO)

Highland Capital Management LLC increased its stake in shares of Diageo plc (NYSE:DEO) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,610 shares of the company’s stock after buying an additional 380 shares during the quarter. Highland Capital Management LLC’s holdings in Diageo were worth $1,857,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Diageo by 20.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 22,889 shares of the company’s stock worth $2,886,000 after purchasing an additional 3,903 shares during the period. NewEdge Advisors LLC grew its position in shares of Diageo by 17.2% in the second quarter. NewEdge Advisors LLC now owns 15,227 shares of the company’s stock valued at $1,920,000 after purchasing an additional 2,231 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Diageo by 333.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 6,933 shares of the company’s stock valued at $874,000 after purchasing an additional 5,333 shares during the period. Cetera Investment Advisers lifted its holdings in Diageo by 5.3% during the 2nd quarter. Cetera Investment Advisers now owns 74,352 shares of the company’s stock worth $9,374,000 after purchasing an additional 3,722 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Diageo in the 2nd quarter worth about $10,730,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Performance

Diageo stock opened at $121.61 on Friday. Diageo plc has a fifty-two week low of $113.99 and a fifty-two week high of $154.71. The firm’s fifty day moving average price is $122.87 and its 200-day moving average price is $127.45. The stock has a market cap of $67.65 billion, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 3.98 and a beta of 0.67. 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

DEO has been the subject of several recent analyst reports. 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 note on Wednesday, January 8th. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Diageo currently has an average rating of “Hold” and an average target price of $129.00.

Diageo Company 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.