Waverly Advisors LLC Has $2.89 Million Stock Holdings in Diageo plc $DEO

Waverly Advisors LLC decreased its holdings in shares of Diageo plc (NYSE:DEO) by 18.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 38,785 shares of the company’s stock after selling 8,579 shares during the period. Waverly Advisors LLC’s holdings in Diageo were worth $2,888,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Spire Wealth Management grew its stake in shares of Diageo by 123.6% during the fourth quarter. Spire Wealth Management now owns 322 shares of the company’s stock worth $28,000 after purchasing an additional 178 shares during the period. Sound Income Strategies LLC boosted its holdings in Diageo by 8,000.0% during the fourth quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock worth $29,000 after buying an additional 320 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in Diageo during the fourth quarter worth about $30,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Diageo during the 1st quarter worth about $34,000. Finally, Cromwell Holdings LLC bought a new stake in shares of Diageo in the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DEO. Loop Capital set a $99.00 price objective on shares of Diageo in a report on Thursday, June 18th. Zacks Research downgraded Diageo from a “hold” rating to a “strong sell” rating in a research note on Monday. TD Cowen raised Diageo from a “hold” rating to a “buy” rating and boosted their target price for the company from $88.00 to $93.00 in a research note on Thursday, June 25th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a report on Friday, July 17th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $106.25.

Diageo Stock Up 0.3%

DEO stock opened at $89.16 on Thursday. Diageo plc has a one year low of $72.45 and a one year high of $116.41. The company has a fifty day moving average price of $82.43 and a two-hundred day moving average price of $83.86. The company has a quick ratio of 0.71, a current ratio of 1.60 and a debt-to-equity ratio of 1.53.

Diageo Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.