Patriot Financial Group Insurance Agency LLC Purchases 105 Shares of Diageo plc (NYSE:DEO)

Patriot Financial Group Insurance Agency LLC raised its position in Diageo plc (NYSE:DEO) by 1.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 7,218 shares of the company’s stock after acquiring an additional 105 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Diageo were worth $918,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Canoe Financial LP boosted its holdings in Diageo by 88,407.3% during 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. Natixis Advisors LLC grew its holdings in shares of Diageo by 105.7% in the 3rd quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock valued at $133,240,000 after acquiring an additional 487,904 shares in the last quarter. FMR LLC grew its holdings in shares of Diageo by 9.1% in the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after acquiring an additional 437,646 shares in the last quarter. Raymond James & Associates raised its holdings in Diageo by 52.3% during the third quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock worth $119,800,000 after acquiring an additional 293,017 shares in the last quarter. Finally, Confluence Investment Management LLC raised its holdings in Diageo by 30.5% during the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after acquiring an additional 284,046 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analysts Set New Price Targets

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

Diageo Price Performance

Shares of NYSE DEO opened at $123.56 on Wednesday. The stock has a 50 day moving average of $122.76 and a 200-day moving average of $127.55. Diageo plc has a 12 month low of $113.99 and a 12 month high of $154.71. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

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.