Waverly Advisors LLC Raises Stock Holdings in Diageo plc (NYSE:DEO)

Waverly Advisors LLC boosted its holdings in Diageo plc (NYSE:DEO) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,034 shares of the company’s stock after purchasing an additional 2,661 shares during the period. Waverly Advisors LLC’s holdings in Diageo were worth $5,471,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Alliance Wealth Advisors LLC UT boosted its holdings in Diageo by 2.6% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock valued at $430,000 after purchasing an additional 86 shares during the last quarter. Savant Capital LLC boosted its holdings in Diageo by 5.0% in the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock valued at $237,000 after purchasing an additional 88 shares during the last quarter. GeoWealth Management LLC boosted its holdings in Diageo by 1.3% in the fourth quarter. GeoWealth Management LLC now owns 6,944 shares of the company’s stock valued at $883,000 after purchasing an additional 92 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in Diageo by 5.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,867 shares of the company’s stock valued at $237,000 after purchasing an additional 95 shares during the last quarter. Finally, Malaga Cove Capital LLC lifted its holdings in Diageo by 3.3% during the 4th quarter. Malaga Cove Capital LLC now owns 3,101 shares of the company’s stock worth $394,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Trading Down 0.0%

NYSE:DEO opened at $114.20 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The business’s 50 day moving average is $109.44 and its two-hundred day moving average is $115.37. Diageo plc has a 52 week low of $100.72 and a 52 week high of $142.73. The company has a market cap of $63.53 billion, a PE ratio of 16.67, a P/E/G ratio of 2.39 and a beta of 0.60.

Wall Street Analysts Forecast Growth

DEO has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Berenberg Bank initiated coverage on Diageo in a report on Wednesday, April 2nd. They set a “buy” rating on the stock. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Diageo in a report on Monday, May 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Diageo currently has an average rating of “Hold” and an average 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.