Phraction Management LLC Has $1.22 Million Stake in Diageo plc (NYSE:DEO)

Phraction Management LLC trimmed its position in Diageo plc (NYSE:DEO) by 38.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,623 shares of the company’s stock after selling 6,024 shares during the period. Phraction Management LLC’s holdings in Diageo were worth $1,223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Global Retirement Partners LLC raised its stake in shares of Diageo by 1.1% in the third quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock valued at $1,143,000 after purchasing an additional 85 shares in the last quarter. Alliance Wealth Advisors LLC UT raised its stake in Diageo by 2.6% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock worth $430,000 after acquiring an additional 86 shares in the last quarter. Savant Capital LLC raised its stake in Diageo by 5.0% during the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock worth $237,000 after acquiring an additional 88 shares in the last quarter. Diversified Trust Co raised its stake in Diageo by 5.6% during the fourth 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. Finally, Malaga Cove Capital LLC raised its stake in Diageo by 3.4% during the third quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock worth $421,000 after acquiring an additional 100 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on DEO shares. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. TD Cowen increased their price objective on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Finally, UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Diageo presently has an average rating of “Hold” and a consensus target price of $129.00.

Diageo Stock Down 1.7 %

Shares of NYSE:DEO opened at $106.34 on Thursday. Diageo plc has a twelve month low of $105.72 and a twelve month high of $154.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.60. The business has a fifty day moving average of $121.91 and a 200-day moving average of $126.42.

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.