Dakota Wealth Management Sells 1,046 Shares of Diageo plc (NYSE:DEO)

Dakota Wealth Management decreased its holdings in shares of Diageo plc (NYSE:DEO) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,695 shares of the company’s stock after selling 1,046 shares during the period. Dakota Wealth Management’s holdings in Diageo were worth $3,775,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Global Retirement Partners LLC raised its holdings in shares of Diageo by 1.1% during the third quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock valued at $1,143,000 after acquiring an additional 85 shares in the last quarter. Diversified Trust Co raised its holdings in Diageo by 5.6% in the 4th quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock worth $236,000 after purchasing an additional 98 shares in the last quarter. Malaga Cove Capital LLC raised its holdings in Diageo by 3.4% in the 3rd quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock worth $421,000 after purchasing an additional 100 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of Diageo by 3.0% during the 2nd quarter. Profund Advisors LLC now owns 3,891 shares of the company’s stock valued at $491,000 after purchasing an additional 113 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. increased its position in shares of Diageo by 4.7% during the third quarter. Farmers & Merchants Investments Inc. now owns 2,542 shares of the company’s stock valued at $357,000 after buying an additional 114 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. 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. Finally, UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a report 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. According to MarketBeat, Diageo has an average rating of “Hold” and an average target price of $129.00.

Diageo Stock Down 1.7 %

DEO stock opened at $117.64 on Thursday. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The firm has a 50 day moving average price of $122.54 and a 200-day moving average price of $127.76. Diageo plc has a 52-week low of $113.99 and a 52-week high of $154.71.

About Diageo

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.