367 Shares in Diageo plc (NYSE:DEO) Bought by Heck Capital Advisors LLC

Heck Capital Advisors LLC purchased a new stake in shares of Diageo plc (NYSE:DEO) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 367 shares of the company’s stock, valued at approximately $47,000.

A number of other large investors have also added to or reduced their stakes in the company. Canoe Financial LP grew its stake in shares of Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after purchasing an additional 8,104,301 shares during the last quarter. FMR LLC lifted its holdings in Diageo by 9.1% in the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock worth $735,671,000 after buying an additional 437,646 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Diageo by 13.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company’s stock valued at $176,042,000 after buying an additional 147,920 shares during the period. Confluence Investment Management LLC lifted its stake in Diageo by 30.5% in the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after acquiring an additional 284,046 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Diageo by 25.9% in the third quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company’s stock valued at $156,759,000 after acquiring an additional 229,946 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

DEO has been the subject of several research reports. TD Cowen increased their target price on Diageo from $124.00 to $129.00 and gave the stock 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 research note on Thursday, December 5th. 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 MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Price Performance

Shares of NYSE:DEO opened at $119.93 on Monday. The stock’s 50-day simple moving average is $122.93 and its two-hundred day simple moving average is $127.33. Diageo plc has a 52-week low of $113.99 and a 52-week high of $154.71. 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 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.