Diageo plc (NYSE:DEO) Shares Bought by Waverly Advisors LLC

Waverly Advisors LLC grew its position in shares of Diageo plc (NYSE:DEO) by 6.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,034 shares of the company’s stock after acquiring an additional 2,661 shares during the quarter. Waverly Advisors LLC’s holdings in Diageo were worth $5,471,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CoreFirst Bank & Trust acquired a new stake in Diageo during the fourth quarter worth about $25,000. BNP Paribas acquired a new stake in Diageo during the fourth quarter worth about $32,000. Measured Risk Portfolios Inc. acquired a new stake in Diageo during the fourth quarter worth about $32,000. Kestra Investment Management LLC acquired a new stake in Diageo during the fourth quarter worth about $36,000. Finally, Heck Capital Advisors LLC acquired a new stake in Diageo during the fourth quarter worth about $47,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DEO has been the subject of several research analyst reports. Berenberg Bank began coverage on Diageo in a research note on Wednesday, April 2nd. They set a “buy” rating for the company. Morgan Stanley reiterated an “underweight” rating on shares of Diageo in a research note on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $129.00.

Diageo Price Performance

DEO stock opened at $114.20 on Wednesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. Diageo plc has a 1 year low of $100.72 and a 1 year high of $142.73. The firm has a market cap of $63.53 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 2.39 and a beta of 0.60. The stock has a 50-day simple moving average of $109.44 and a 200-day simple moving average of $115.37.

Diageo Company 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.