DAVENPORT & Co LLC Purchases 6,791 Shares of Diageo plc (NYSE:DEO)

DAVENPORT & Co LLC lifted its position in Diageo plc (NYSE:DEO) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 86,249 shares of the company’s stock after purchasing an additional 6,791 shares during the quarter. DAVENPORT & Co LLC’s holdings in Diageo were worth $10,965,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Citigroup Inc. increased its stake in Diageo by 4.4% in the 3rd quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock worth $22,234,000 after acquiring an additional 6,617 shares during the last quarter. Canoe Financial LP increased its position 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. BNP Paribas Financial Markets raised its stake in Diageo by 32.8% in the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after purchasing an additional 16,285 shares in the last quarter. FMR LLC raised its stake in Diageo by 9.1% in the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after purchasing an additional 437,646 shares in the last quarter. Finally, Premier Path Wealth Partners LLC bought a new stake in Diageo during the fourth quarter valued at approximately $1,308,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on DEO shares. TD Cowen increased 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. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research note 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 given a buy rating to the stock. Based on data from MarketBeat, Diageo has an average rating of “Hold” and an average target price of $129.00.

Diageo Stock Performance

DEO stock opened at $119.93 on Monday. The firm’s fifty day moving average is $122.93 and its 200 day 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 quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

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.