Diageo plc (NYSE:DEO) Shares Acquired by Naples Global Advisors LLC

Naples Global Advisors LLC boosted its stake in Diageo plc (NYSE:DEO) by 27.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 28,886 shares of the company’s stock after acquiring an additional 6,296 shares during the quarter. Naples Global Advisors LLC’s holdings in Diageo were worth $3,672,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wesbanco Bank Inc. acquired a new position in shares of Diageo during the third quarter valued at approximately $216,000. Creative Planning increased its position in shares of Diageo by 11.6% during the 3rd quarter. Creative Planning now owns 47,970 shares of the company’s stock valued at $6,732,000 after purchasing an additional 4,980 shares during the period. NBC Securities Inc. increased its position in shares of Diageo by 44.6% during the 3rd quarter. NBC Securities Inc. now owns 982 shares of the company’s stock valued at $137,000 after purchasing an additional 303 shares during the period. Foster Victor Wealth Advisors LLC raised its stake in shares of Diageo by 18.9% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 1,896 shares of the company’s stock worth $255,000 after buying an additional 301 shares in the last quarter. Finally, Sunpointe LLC acquired a new stake in shares of Diageo in the third quarter valued at $241,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen increased their target price on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Price Performance

NYSE DEO opened at $106.34 on Thursday. The firm’s 50 day moving average price is $121.91 and its two-hundred day moving average price is $126.42. Diageo plc has a twelve month low of $105.72 and a twelve month high of $154.71. The company has a current ratio of 1.60, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

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.