Kelly Financial Services LLC Purchases New Shares in Diageo plc (NYSE:DEO)

Kelly Financial Services LLC acquired a new position in shares of Diageo plc (NYSE:DEO) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 21,666 shares of the company’s stock, valued at approximately $2,754,000.

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

Diageo Trading Up 1.2 %

Shares of DEO opened at $118.75 on Friday. The company has a 50 day moving average price of $122.58 and a 200-day moving average price of $127.88. 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 plc has a fifty-two week low of $113.99 and a fifty-two week high of $154.71.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DEO shares. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen lifted their target price on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $129.00.

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.