Oliver Luxxe Assets LLC Invests $2.03 Million in Diageo plc (NYSE:DEO)

Oliver Luxxe Assets LLC bought a new stake in Diageo plc (NYSE:DEO) in the fourth quarter, HoldingsChannel.com reports. The fund bought 15,977 shares of the company’s stock, valued at approximately $2,031,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Lantz Financial LLC lifted its position in Diageo by 24.7% during the second quarter. Lantz Financial LLC now owns 11,704 shares of the company’s stock valued at $1,476,000 after purchasing an additional 2,318 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Diageo by 24.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,680 shares of the company’s stock valued at $212,000 after buying an additional 330 shares in the last quarter. Rhumbline Advisers grew its position in Diageo by 3.1% in the second quarter. Rhumbline Advisers now owns 5,822 shares of the company’s stock worth $734,000 after acquiring an additional 174 shares in the last quarter. Gallacher Capital Management LLC increased its stake in Diageo by 9.5% during the second quarter. Gallacher Capital Management LLC now owns 2,368 shares of the company’s stock worth $299,000 after acquiring an additional 206 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. boosted its holdings in shares of Diageo by 22.4% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 12,256 shares of the company’s stock worth $1,543,000 after purchasing an additional 2,242 shares during the period. 8.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DEO shares. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Finally, Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Diageo Price Performance

Shares of DEO stock traded up $3.94 on Monday, reaching $125.32. 1,508,016 shares of the company’s stock were exchanged, compared to its average volume of 1,176,453. The company’s fifty day simple moving average is $123.51 and its 200 day simple moving average is $128.48. Diageo plc has a 52 week low of $117.72 and a 52 week high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

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.