Wynn Capital LLC Purchases 375 Shares of Diageo plc (NYSE:DEO)

Wynn Capital LLC boosted its position in Diageo plc (NYSE:DEO) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,777 shares of the company’s stock after acquiring an additional 375 shares during the period. Wynn Capital LLC’s holdings in Diageo were worth $480,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DEO. Rhumbline Advisers raised its holdings in shares of Diageo by 3.1% during the second quarter. Rhumbline Advisers now owns 5,822 shares of the company’s stock valued at $734,000 after acquiring an additional 174 shares in the last quarter. American Century Companies Inc. boosted its holdings in Diageo by 24.7% in the second quarter. American Century Companies Inc. now owns 95,699 shares of the company’s stock valued at $12,066,000 after acquiring an additional 18,974 shares in the last quarter. Federated Hermes Inc. purchased a new position in Diageo during the 2nd quarter valued at $5,071,000. Envestnet Asset Management Inc. raised its holdings in Diageo by 7.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,127,576 shares of the company’s stock worth $142,165,000 after purchasing an additional 74,745 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Diageo by 2.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,106,473 shares of the company’s stock worth $139,504,000 after purchasing an additional 23,435 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Trading Down 1.9 %

NYSE:DEO opened at $114.50 on Wednesday. The firm has a market capitalization of $63.69 billion, a P/E ratio of 15.49, a PEG ratio of 3.73 and a beta of 0.67. 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 one year low of $113.99 and a one year high of $154.71. The company’s 50-day simple moving average is $122.77 and its 200 day simple moving average is $128.09.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen lifted their price target on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. 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. Based on data from MarketBeat.com, Diageo presently has a consensus rating of “Hold” and a consensus target price of $129.00.

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.