Live Oak Private Wealth LLC Lowers Stock Holdings in Diageo plc (NYSE:DEO)

Live Oak Private Wealth LLC lowered its stake in shares of Diageo plc (NYSE:DEO) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,252 shares of the company’s stock after selling 1,102 shares during the period. Diageo makes up approximately 1.3% of Live Oak Private Wealth LLC’s portfolio, making the stock its 29th biggest holding. Live Oak Private Wealth LLC’s holdings in Diageo were worth $7,533,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in shares of Diageo in the third quarter worth $25,000. Eastern Bank boosted its holdings in Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of Diageo during the fourth quarter worth approximately $35,000. Concord Wealth Partners acquired a new stake in shares of Diageo in the 3rd quarter valued at about $38,000. Finally, Bruce G. Allen Investments LLC lifted its position in shares of Diageo by 1,395.0% during the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after purchasing an additional 279 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of NYSE DEO opened at $111.80 on Friday. Diageo plc has a 12-month low of $111.25 and a 12-month high of $154.71. 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 stock’s 50 day simple moving average is $122.67 and its 200 day simple moving average is $127.02.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DEO. TD Cowen boosted their price target on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. One 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $129.00.

About Diageo

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.