Advocate Group LLC Sells 250 Shares of Diageo plc (NYSE:DEO)

Advocate Group LLC decreased its holdings in shares of Diageo plc (NYSE:DEO) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,987 shares of the company’s stock after selling 250 shares during the quarter. Advocate Group LLC’s holdings in Diageo were worth $253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. GSB Wealth Management LLC raised its stake in shares of Diageo by 8.1% during the 4th quarter. GSB Wealth Management LLC now owns 9,122 shares of the company’s stock worth $1,160,000 after acquiring an additional 681 shares in the last quarter. Grimes & Company Inc. increased its stake in shares of Diageo by 4.4% in the fourth quarter. Grimes & Company Inc. now owns 3,823 shares of the company’s stock worth $486,000 after acquiring an additional 162 shares during the period. Lantz Financial LLC grew its holdings in Diageo by 2.3% during the fourth quarter. Lantz Financial LLC now owns 15,524 shares of the company’s stock worth $1,974,000 after acquiring an additional 353 shares during the period. Fifth Third Bancorp grew its stake in shares of Diageo by 8.7% during the 4th quarter. Fifth Third Bancorp now owns 9,778 shares of the company’s stock worth $1,243,000 after purchasing an additional 783 shares during the period. Finally, Oliver Luxxe Assets LLC purchased a new position in shares of Diageo in the 4th quarter valued at about $2,031,000. 8.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on DEO. TD Cowen lifted their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. One 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $129.00.

Diageo Stock Up 4.7 %

NYSE DEO opened at $124.53 on Friday. Diageo plc has a 1-year low of $113.99 and a 1-year high of $154.71. The business has a 50 day moving average price of $122.62 and a 200 day moving average price of $127.60. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

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.