Diageo plc (NYSE:DEO) Stake Boosted by GSB Wealth Management LLC

GSB Wealth Management LLC raised its holdings in shares of Diageo plc (NYSE:DEO) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,122 shares of the company’s stock after acquiring an additional 681 shares during the quarter. GSB Wealth Management LLC’s holdings in Diageo were worth $1,160,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Citigroup Inc. grew its stake in Diageo by 4.4% during the 3rd 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 in the last quarter. Canoe Financial LP grew its stake in Diageo by 88,407.3% during the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after acquiring an additional 8,104,301 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Diageo by 32.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after acquiring an additional 16,285 shares in the last quarter. FMR LLC lifted its holdings in shares of Diageo by 9.1% during the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after buying an additional 437,646 shares during the last quarter. Finally, Premier Path Wealth Partners LLC acquired a new stake in shares of Diageo during the 4th quarter valued at about $1,308,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

DEO has been the subject of several analyst reports. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, TD Cowen boosted their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo Price Performance

Shares of DEO stock opened at $124.53 on Friday. Diageo plc has a 12 month low of $113.99 and a 12 month high of $154.71. The stock has a 50 day moving average of $122.62 and a 200-day moving average of $127.60. The company has a current ratio of 1.53, a quick ratio of 0.55 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.