Keudell Morrison Wealth Management Acquires 463 Shares of Diageo plc (NYSE:DEO)

Keudell Morrison Wealth Management grew its holdings in Diageo plc (NYSE:DEO) by 17.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,116 shares of the company’s stock after purchasing an additional 463 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Diageo were worth $396,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of DEO. Canoe Financial LP grew its stake in Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after purchasing an additional 8,104,301 shares during the last quarter. FMR LLC boosted its holdings in shares of Diageo by 9.1% in the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after buying an additional 437,646 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Diageo by 13.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company’s stock worth $176,042,000 after buying an additional 147,920 shares during the last quarter. Confluence Investment Management LLC raised its stake in shares of Diageo by 30.5% during the 3rd quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after acquiring an additional 284,046 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Diageo by 25.9% during the third quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company’s stock valued at $156,759,000 after acquiring an additional 229,946 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

Diageo stock opened at $121.61 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 current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The business’s 50-day simple moving average is $122.93 and its two-hundred day simple moving average is $127.41.

Wall Street Analyst Weigh In

DEO has been the topic of several analyst reports. TD Cowen lifted their price target on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. One equities research 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $129.00.

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.