Premier Path Wealth Partners LLC Makes New $1.31 Million Investment in Diageo plc (NYSE:DEO)

Premier Path Wealth Partners LLC purchased a new position in Diageo plc (NYSE:DEO) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 10,287 shares of the company’s stock, valued at approximately $1,308,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Canoe Financial LP increased its position in shares of Diageo by 88,407.3% in 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 during the period. Bank of Montreal Can grew its stake in Diageo by 1,034.5% during the 2nd quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock valued at $104,443,000 after purchasing an additional 729,166 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Diageo by 105.7% in the third quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock valued at $133,240,000 after purchasing an additional 487,904 shares during the period. FMR LLC raised its stake in shares of Diageo by 9.1% in the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock worth $735,671,000 after purchasing an additional 437,646 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Diageo by 416.0% during the second quarter. Hsbc Holdings PLC now owns 521,920 shares of the company’s stock worth $65,939,000 after purchasing an additional 420,778 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DEO shares. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. 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, UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Diageo presently has an average rating of “Hold” and an average price target of $129.00.

Diageo Stock Performance

Diageo stock opened at $118.75 on Friday. 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 $122.61 and its two-hundred day simple moving average is $127.93. Diageo plc has a 12 month low of $113.99 and a 12 month high of $154.71.

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.