Patriot Financial Group Insurance Agency LLC Purchases 105 Shares of Diageo plc (NYSE:DEO)

Patriot Financial Group Insurance Agency LLC grew its holdings in Diageo plc (NYSE:DEO) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,218 shares of the company’s stock after purchasing an additional 105 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Diageo were worth $918,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DEO. Citigroup Inc. boosted its stake in Diageo by 4.4% in the third quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock valued at $22,234,000 after acquiring an additional 6,617 shares during the last quarter. Canoe Financial LP boosted its position in shares of Diageo by 88,407.3% in the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after purchasing an additional 8,104,301 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Diageo by 32.8% during the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock worth $9,248,000 after purchasing an additional 16,285 shares during the period. FMR LLC increased its holdings in Diageo by 9.1% in the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after purchasing an additional 437,646 shares during the last quarter. Finally, Premier Path Wealth Partners LLC acquired a new position in Diageo in the fourth quarter valued at about $1,308,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Price Performance

NYSE DEO opened at $123.56 on Wednesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. The business has a 50 day simple moving average of $122.76 and a 200 day simple moving average of $127.55. Diageo plc has a 52-week low of $113.99 and a 52-week high of $154.71.

Analyst Upgrades and Downgrades

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

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.