Daymark Wealth Partners LLC Decreases Stock Position in Diageo plc (NYSE:DEO)

Daymark Wealth Partners LLC decreased its stake in shares of Diageo plc (NYSE:DEO) by 1.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,295 shares of the company’s stock after selling 137 shares during the period. Daymark Wealth Partners LLC’s holdings in Diageo were worth $1,182,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of DEO. Global Retirement Partners LLC increased its stake in shares of Diageo by 1.1% during the third quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock worth $1,143,000 after buying an additional 85 shares during the period. Diversified Trust Co grew its holdings in Diageo by 5.6% during the 4th quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock worth $236,000 after acquiring an additional 98 shares in the last quarter. Malaga Cove Capital LLC increased its position in shares of Diageo by 3.4% in the 3rd quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock valued at $421,000 after purchasing an additional 100 shares during the last quarter. Profund Advisors LLC raised its holdings in shares of Diageo by 3.0% in the 2nd quarter. Profund Advisors LLC now owns 3,891 shares of the company’s stock valued at $491,000 after purchasing an additional 113 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its position in shares of Diageo by 4.7% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 2,542 shares of the company’s stock worth $357,000 after purchasing an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. TD Cowen upped their price target on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Price Performance

Shares of NYSE DEO opened at $117.64 on Thursday. The business has a 50-day moving average price of $122.54 and a 200 day moving average price of $127.76. 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 plc has a 52-week low of $113.99 and a 52-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.