Value Partners Investments Inc. Increases Stock Position in Diageo plc $DEO

by · The Cerbat Gem

Value Partners Investments Inc. raised its holdings in shares of Diageo plc (NYSE:DEO – Free Report) by 28.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,514 shares of the company’s stock after purchasing an additional 8,624 shares during the period. Value Partners Investments Inc.’s holdings in Diageo were worth $3,674,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC bought a new stake in Diageo in the 2nd quarter worth about $26,000. Bell Investment Advisors Inc grew its stake in shares of Diageo by 94.7% in the second quarter. Bell Investment Advisors Inc now owns 292 shares of the company’s stock worth $29,000 after acquiring an additional 142 shares during the period. Truvestments Capital LLC purchased a new position in shares of Diageo during the first quarter valued at approximately $30,000. HHM Wealth Advisors LLC lifted its position in Diageo by 76.5% during the second quarter. HHM Wealth Advisors LLC now owns 330 shares of the company’s stock valued at $33,000 after purchasing an additional 143 shares during the period. Finally, Whipplewood Advisors LLC boosted its holdings in Diageo by 84.0% in the second quarter. Whipplewood Advisors LLC now owns 357 shares of the company’s stock worth $36,000 after purchasing an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

NYSE DEO opened at $85.43 on Wednesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.64 and a current ratio of 1.63. Diageo plc has a 12 month low of $85.13 and a 12 month high of $127.90. The company’s 50 day moving average is $91.96 and its two-hundred day moving average is $99.53.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DEO. Zacks Research downgraded Diageo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Diageo in a research note on Friday, November 28th. Barclays reiterated an “overweight” rating on shares of Diageo in a research note on Thursday, December 11th. Bank of America cut their target price on shares of Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Finally, UBS Group reiterated a “neutral” rating on shares of Diageo in a research report on Wednesday, December 3rd. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Diageo currently has a consensus rating of “Hold” and a consensus price target of $119.00.

View Our Latest Report on Diageo

Diageo Profile

(Free Report)

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.

See Also

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