Raleigh Capital Management Inc. Acquires 185 Shares of Diageo plc (NYSE:DEO)

Raleigh Capital Management Inc. boosted its holdings in shares of Diageo plc (NYSE:DEO) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,688 shares of the company’s stock after buying an additional 185 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Diageo were worth $977,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Mutual Advisors LLC grew its holdings in Diageo by 31.6% during the fourth quarter. Mutual Advisors LLC now owns 16,221 shares of the company’s stock valued at $1,904,000 after purchasing an additional 3,895 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Diageo by 2.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 165,501 shares of the company’s stock valued at $21,040,000 after buying an additional 3,338 shares in the last quarter. Atomi Financial Group Inc. grew its stake in shares of Diageo by 36.0% during the 4th quarter. Atomi Financial Group Inc. now owns 3,891 shares of the company’s stock valued at $495,000 after acquiring an additional 1,029 shares during the period. Clear Harbor Asset Management LLC purchased a new stake in Diageo in the 4th quarter worth approximately $325,000. Finally, Crossmark Global Holdings Inc. raised its stake in Diageo by 24.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 10,484 shares of the company’s stock worth $1,332,000 after acquiring an additional 2,028 shares during the period. 8.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DEO has been the topic of a number of analyst reports. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. TD Cowen boosted their price objective on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Down 1.7 %

DEO stock opened at $117.64 on Thursday. Diageo plc has a 12 month low of $113.99 and a 12 month high of $154.71. The company has a 50-day moving average price of $122.51 and a 200 day moving average price of $127.68. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

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.