Live Oak Private Wealth LLC Raises Position in Diageo plc $DEO

Live Oak Private Wealth LLC lifted its position in Diageo plc (NYSE:DEO) by 47.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 95,352 shares of the company’s stock after acquiring an additional 30,591 shares during the period. Live Oak Private Wealth LLC’s holdings in Diageo were worth $7,099,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Spire Wealth Management raised its holdings in Diageo by 123.6% in the 4th quarter. Spire Wealth Management now owns 322 shares of the company’s stock worth $28,000 after acquiring an additional 178 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of Diageo by 8,000.0% during the 4th quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock valued at $29,000 after purchasing an additional 320 shares during the period. Flagship Harbor Advisors LLC bought a new stake in Diageo during the fourth quarter valued at approximately $30,000. Texas Capital Bancshares Inc TX bought a new stake in shares of Diageo during the 3rd quarter valued at $32,000. Finally, GGM Financials LLC bought a new stake in Diageo during the third quarter valued at about $36,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

DEO has been the subject of a number of analyst reports. Loop Capital set a $99.00 price objective on shares of Diageo in a research note on Thursday, June 18th. HSBC cut shares of Diageo from a “buy” rating to a “hold” rating in a research note on Monday, March 2nd. Argus raised Diageo to a “hold” rating in a research report on Tuesday, March 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Diageo currently has an average rating of “Hold” and an average target price of $110.67.

Diageo Stock Up 1.0%

DEO stock opened at $83.03 on Thursday. Diageo plc has a one year low of $72.45 and a one year high of $116.41. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.71. The firm has a 50-day simple moving average of $81.52 and a two-hundred day simple moving average of $84.60.

About Diageo

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.