DMKC Advisory Services LLC Has $2.94 Million Stock Holdings in Diageo plc $DEO

DMKC Advisory Services LLC lifted its holdings in shares of Diageo plc (NYSE:DEO) by 30.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,589 shares of the company’s stock after buying an additional 8,573 shares during the period. DMKC Advisory Services LLC’s holdings in Diageo were worth $2,941,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DEO. Glenview Trust Co increased its position in Diageo by 3.7% during the fourth quarter. Glenview Trust Co now owns 2,928 shares of the company’s stock worth $253,000 after buying an additional 104 shares during the last quarter. Mission Wealth Management LP raised its stake in Diageo by 4.0% in the 4th quarter. Mission Wealth Management LP now owns 2,992 shares of the company’s stock valued at $258,000 after acquiring an additional 114 shares during the period. Intrust Bank NA raised its holdings in Diageo by 4.4% in the 4th quarter. Intrust Bank NA now owns 3,270 shares of the company’s stock valued at $282,000 after acquiring an additional 138 shares during the period. Elevation Point Wealth Partners LLC lifted its position in Diageo by 5.3% during the fourth quarter. Elevation Point Wealth Partners LLC now owns 2,792 shares of the company’s stock worth $241,000 after acquiring an additional 141 shares during the last quarter. Finally, Autumn Glory Partners LLC lifted its position in Diageo by 1.5% during the fourth quarter. Autumn Glory Partners LLC now owns 9,908 shares of the company’s stock worth $855,000 after acquiring an additional 143 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

Shares of DEO opened at $88.30 on Thursday. Diageo plc has a 52-week low of $72.45 and a 52-week high of $116.41. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.71. The business’s 50 day moving average price is $82.66 and its two-hundred day moving average price is $83.80.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. TD Cowen raised shares of 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 report on Thursday, June 25th. Zacks Research lowered shares of Diageo from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a research report on Friday, July 17th. Finally, Loop Capital set a $99.00 price target on Diageo in a research report on Thursday, June 18th. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $106.25.

About Diageo

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.