Diageo plc (NYSE:DEO) Shares Acquired by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management increased its holdings in shares of Diageo plc (NYSE:DEO) by 17.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,116 shares of the company’s stock after acquiring an additional 463 shares during the period. Keudell Morrison Wealth Management’s holdings in Diageo were worth $396,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Crews Bank & Trust acquired a new stake in shares of Diageo in the fourth quarter valued at about $51,000. Murphy Pohlad Asset Management LLC boosted its holdings in Diageo by 10.0% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 3,247 shares of the company’s stock worth $413,000 after buying an additional 295 shares during the last quarter. DMC Group LLC increased its stake in Diageo by 10.3% during the 4th quarter. DMC Group LLC now owns 1,885 shares of the company’s stock worth $240,000 after buying an additional 176 shares in the last quarter. Highland Capital Management LLC increased its stake in Diageo by 2.7% during the 4th quarter. Highland Capital Management LLC now owns 14,610 shares of the company’s stock worth $1,857,000 after buying an additional 380 shares in the last quarter. Finally, Milestone Asset Management LLC lifted its position in shares of Diageo by 377.7% in the fourth quarter. Milestone Asset Management LLC now owns 9,845 shares of the company’s stock valued at $1,252,000 after acquiring an additional 7,784 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Up 0.8 %

NYSE:DEO opened at $121.61 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo plc has a 52 week low of $113.99 and a 52 week high of $154.71. The stock’s fifty day moving average is $122.93 and its two-hundred day moving average is $127.41.

Analyst Upgrades and Downgrades

Several analysts recently commented on DEO shares. TD Cowen boosted their price target on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $129.00.

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.