Cambiar Investors LLC Acquires 31,613 Shares of Diageo plc (NYSE:DEO)

Cambiar Investors LLC boosted its holdings in Diageo plc (NYSE:DEO) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 497,022 shares of the company’s stock after acquiring an additional 31,613 shares during the period. Diageo accounts for about 2.5% of Cambiar Investors LLC’s portfolio, making the stock its 3rd largest holding. Cambiar Investors LLC owned approximately 0.09% of Diageo worth $63,186,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Brooklyn Investment Group purchased a new stake in shares of Diageo during the third quarter worth $25,000. Eastern Bank increased its position in shares of Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares during the period. Modus Advisors LLC purchased a new stake in shares of Diageo during the fourth quarter worth $35,000. Concord Wealth Partners purchased a new stake in shares of Diageo during the third quarter worth $38,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Diageo during the fourth quarter worth $47,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on DEO shares. TD Cowen upped their price objective on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group raised 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 given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $129.00.

Diageo Stock Down 1.9 %

DEO stock opened at $108.36 on Tuesday. Diageo plc has a 12 month low of $108.19 and a 12 month high of $154.71. The firm has a 50 day simple moving average of $122.35 and a 200 day simple moving average of $126.74. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.55.

Diageo 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.