Aaron Wealth Advisors LLC Raises Stock Holdings in Diageo plc (NYSE:DEO)

Aaron Wealth Advisors LLC boosted its stake in shares of Diageo plc (NYSE:DEO) by 13.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,235 shares of the company’s stock after acquiring an additional 378 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Diageo were worth $411,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DEO. Citigroup Inc. increased its holdings in Diageo by 4.4% in the 3rd quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock valued at $22,234,000 after purchasing an additional 6,617 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Diageo by 32.8% in the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after buying an additional 16,285 shares in the last quarter. FMR LLC raised 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 buying an additional 437,646 shares during the period. Quantinno Capital Management LP lifted its stake in Diageo by 420.5% during the 3rd quarter. Quantinno Capital Management LP now owns 39,189 shares of the company’s stock worth $5,500,000 after acquiring an additional 31,660 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Diageo by 25.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company’s stock valued at $156,759,000 after acquiring an additional 229,946 shares during the period. 8.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Diageo Stock Up 1.2 %

DEO stock opened at $118.75 on Monday. The company’s 50 day moving average price is $122.58 and its 200 day moving average price is $127.90. Diageo plc has a fifty-two week low of $113.99 and a fifty-two week high of $154.71. 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 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.