Stephens Inc. AR Has $3.93 Million Stock Position in Diageo plc (NYSE:DEO)

Stephens Inc. AR decreased its stake in Diageo plc (NYSE:DEO) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,872 shares of the company’s stock after selling 1,848 shares during the period. Stephens Inc. AR’s holdings in Diageo were worth $3,925,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DEO. Benedict Financial Advisors Inc. lifted its position in Diageo by 3.7% in the fourth quarter. Benedict Financial Advisors Inc. now owns 26,936 shares of the company’s stock worth $3,424,000 after purchasing an additional 964 shares during the period. Entropy Technologies LP bought a new position in Diageo in the fourth quarter worth $796,000. Generate Investment Management Ltd bought a new position in Diageo in the fourth quarter worth $11,156,000. Golden State Wealth Management LLC bought a new position in Diageo in the fourth quarter worth $125,000. Finally, Financial Advocates Investment Management lifted its holdings in shares of Diageo by 4.0% during the fourth quarter. Financial Advocates Investment Management now owns 3,154 shares of the company’s stock valued at $401,000 after acquiring an additional 121 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analyst Ratings Changes

DEO has been the subject of a number of analyst reports. TD Cowen lifted their price objective on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One equities research 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 MarketBeat, Diageo presently has a consensus rating of “Hold” and a consensus target price of $129.00.

Diageo Trading Down 1.9 %

NYSE DEO opened at $108.36 on Tuesday. The stock’s 50 day moving average price is $122.35 and its two-hundred day moving average price is $126.74. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.60. Diageo plc has a 52 week low of $108.19 and a 52 week high of $154.71.

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.