Mill Creek Capital Advisors LLC Increases Stock Position in Diageo plc (NYSE:DEO)

Mill Creek Capital Advisors LLC raised its holdings in shares of Diageo plc (NYSE:DEO) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,367 shares of the company’s stock after purchasing an additional 104 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Diageo were worth $809,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DEO. Brooklyn Investment Group purchased a new position in Diageo during the third quarter valued at approximately $25,000. Eastern Bank raised its position in shares of Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the period. Concord Wealth Partners bought a new position in Diageo in the 3rd quarter worth $38,000. Modus Advisors LLC purchased a new stake in Diageo in the 4th quarter worth $35,000. Finally, Heck Capital Advisors LLC purchased a new stake in Diageo in the 4th quarter worth $47,000. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

DEO opened at $108.36 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The stock’s 50 day moving average price is $122.35 and its 200-day moving average price is $126.74. Diageo plc has a one year low of $108.19 and a one year high of $154.71.

Wall Street Analysts Forecast Growth

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

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.