Kathmere Capital Management LLC Takes $214,000 Position in Diageo plc (NYSE:DEO)

Kathmere Capital Management LLC acquired a new position in Diageo plc (NYSE:DEO) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,683 shares of the company’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Global Retirement Partners LLC lifted its position in shares of Diageo by 1.1% in the 3rd quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock worth $1,143,000 after purchasing an additional 85 shares during the period. Diversified Trust Co lifted its holdings in Diageo by 5.6% during the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock worth $236,000 after buying an additional 98 shares during the period. Malaga Cove Capital LLC boosted its position in Diageo by 3.4% during the 3rd quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock valued at $421,000 after acquiring an additional 100 shares in the last quarter. Profund Advisors LLC increased its holdings in shares of Diageo by 3.0% in the 2nd quarter. Profund Advisors LLC now owns 3,891 shares of the company’s stock valued at $491,000 after acquiring an additional 113 shares during the period. Finally, Farmers & Merchants Investments Inc. raised its position in shares of Diageo by 4.7% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 2,542 shares of the company’s stock worth $357,000 after acquiring an additional 114 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DEO has been the topic of several analyst reports. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen increased their target price on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research 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 stock. According to data from MarketBeat.com, Diageo presently has an average rating of “Hold” and a consensus target price of $129.00.

Diageo Stock Performance

Shares of DEO stock opened at $117.21 on Friday. 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 stock’s 50-day simple moving average is $122.70 and its 200-day simple moving average is $128.01.

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.