RDA Financial Network Decreases Stock Holdings in Diageo plc (NYSE:DEO)

RDA Financial Network lowered its position in Diageo plc (NYSE:DEO) by 9.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,652 shares of the company’s stock after selling 182 shares during the quarter. RDA Financial Network’s holdings in Diageo were worth $210,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Global Retirement Partners LLC grew its holdings in 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 purchasing an additional 85 shares during the last quarter. Diversified Trust Co boosted its position in shares of 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 grew its stake in Diageo by 3.4% during the 3rd quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock worth $421,000 after buying an additional 100 shares during the last quarter. Profund Advisors LLC increased its position in 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 buying an additional 113 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. raised its stake in Diageo by 4.7% in 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 last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

Shares of NYSE:DEO opened at $118.75 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo plc has a 52-week low of $113.99 and a 52-week high of $154.71. The business has a 50-day moving average price of $122.61 and a 200-day moving average price of $127.93.

Wall Street Analysts Forecast Growth

DEO has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, TD Cowen raised their price target on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $129.00.

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.