Resonant Capital Advisors LLC Purchases 107 Shares of Diageo plc (NYSE:DEO)

Resonant Capital Advisors LLC boosted its stake in shares of Diageo plc (NYSE:DEO) by 7.1% during the fourth quarter, Holdings Channel reports. The firm owned 1,624 shares of the company’s stock after purchasing an additional 107 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Diageo were worth $206,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oregon Pacific Wealth Management LLC purchased a new stake in shares of Diageo in the fourth quarter worth $343,000. Spire Wealth Management boosted its position in shares of Diageo by 65.4% during the fourth quarter. Spire Wealth Management now owns 3,545 shares of the company’s stock worth $451,000 after acquiring an additional 1,402 shares during the last quarter. DAVENPORT & Co LLC boosted its position in shares of Diageo by 8.5% during the fourth quarter. DAVENPORT & Co LLC now owns 86,249 shares of the company’s stock worth $10,965,000 after acquiring an additional 6,791 shares during the last quarter. Inlet Private Wealth LLC boosted its position in shares of Diageo by 17.9% during the fourth quarter. Inlet Private Wealth LLC now owns 2,791 shares of the company’s stock worth $355,000 after acquiring an additional 424 shares during the last quarter. Finally, Independence Bank of Kentucky boosted its position in shares of Diageo by 489.3% during the fourth quarter. Independence Bank of Kentucky now owns 4,243 shares of the company’s stock worth $539,000 after acquiring an additional 3,523 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

DEO has been the subject of several analyst reports. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. TD Cowen raised 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, Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $129.00.

Diageo Stock Down 2.6 %

DEO stock opened at $116.91 on Tuesday. Diageo plc has a fifty-two week low of $113.99 and a fifty-two week high of $154.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The company’s 50 day moving average price is $122.93 and its 200 day moving average price is $127.30.

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.