Oliver Luxxe Assets LLC Makes New Investment in Diageo plc (NYSE:DEO)

Oliver Luxxe Assets LLC bought a new stake in Diageo plc (NYSE:DEO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,977 shares of the company’s stock, valued at approximately $2,031,000.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC bought a new position in shares of Diageo in the fourth quarter worth about $202,000. Raleigh Capital Management Inc. increased its holdings in shares of Diageo by 2.5% in the fourth quarter. Raleigh Capital Management Inc. now owns 7,688 shares of the company’s stock valued at $977,000 after purchasing an additional 185 shares in the last quarter. Mutual Advisors LLC raised its position in Diageo by 31.6% in the 4th quarter. Mutual Advisors LLC now owns 16,221 shares of the company’s stock worth $1,904,000 after purchasing an additional 3,895 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Diageo by 2.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 165,501 shares of the company’s stock worth $21,040,000 after buying an additional 3,338 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its position in Diageo by 36.0% in the 4th quarter. Atomi Financial Group Inc. now owns 3,891 shares of the company’s stock valued at $495,000 after buying an additional 1,029 shares during the last quarter. 8.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DEO. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. TD Cowen raised their target price on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research note 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $129.00.

Diageo Stock Up 1.2 %

Shares of NYSE:DEO opened at $119.02 on Friday. The firm’s 50 day simple moving average is $122.51 and its 200 day simple moving average is $127.68. 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 plc has a fifty-two week low of $113.99 and a fifty-two week high of $154.71.

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.