Wynn Capital LLC Boosts Stake in Diageo plc (NYSE:DEO)

Wynn Capital LLC raised its holdings in Diageo plc (NYSE:DEOFree Report) by 11.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,777 shares of the company’s stock after acquiring an additional 375 shares during the period. Wynn Capital LLC’s holdings in Diageo were worth $480,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Fiduciary Financial Group LLC bought a new position in shares of Diageo in the fourth quarter worth approximately $240,000. Eastern Bank increased its holdings in shares of Diageo by 107.8% in the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after buying an additional 125 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Diageo by 0.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 118,712 shares of the company’s stock valued at $16,660,000 after buying an additional 346 shares in the last quarter. First Hawaiian Bank lifted its holdings in shares of Diageo by 24.6% during the 4th quarter. First Hawaiian Bank now owns 5,407 shares of the company’s stock worth $687,000 after acquiring an additional 1,069 shares during the last quarter. Finally, Diversified Trust Co grew its position 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 acquiring an additional 98 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Down 1.9 %

Shares of NYSE:DEO opened at $114.50 on Wednesday. The stock has a market capitalization of $63.69 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 3.73 and a beta of 0.67. The stock’s 50-day moving average price is $122.77 and its 200-day moving average price is $128.09. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. Diageo plc has a 12-month low of $113.99 and a 12-month high of $154.71.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, TD Cowen upped their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $129.00.

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About Diageo

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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.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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