Wedge Capital Management L L P NC Has $7.81 Million Stake in Diageo plc (NYSE:DEO)

Wedge Capital Management L L P NC lessened its position in shares of Diageo plc (NYSE:DEO) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,392 shares of the company’s stock after selling 371 shares during the period. Wedge Capital Management L L P NC’s holdings in Diageo were worth $7,805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DEO. Bank of Montreal Can lifted its stake in Diageo by 1,034.5% during the second quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock worth $104,443,000 after purchasing an additional 729,166 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Diageo by 105.7% during the 3rd quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock worth $133,240,000 after buying an additional 487,904 shares in the last quarter. FMR LLC lifted its position in shares of Diageo by 9.1% during 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 last quarter. Raymond James & Associates boosted its stake in Diageo by 52.3% in the third quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock valued at $119,800,000 after buying an additional 293,017 shares in the last quarter. Finally, Confluence Investment Management LLC grew its position in Diageo by 30.5% in the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock valued at $170,623,000 after acquiring an additional 284,046 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DEO. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen upped their price target on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. One equities 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. According to MarketBeat, Diageo presently has a consensus rating of “Hold” and an average target price of $129.00.

Diageo Trading Up 1.2 %

Shares of NYSE DEO opened at $118.75 on Friday. The company has a 50 day simple moving average of $122.58 and a 200 day simple moving average of $127.88. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. Diageo plc has a 1 year low of $113.99 and a 1 year high of $154.71.

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.