Raleigh Capital Management Inc. Grows Stock Holdings in Diageo plc (NYSE:DEO)

Raleigh Capital Management Inc. lifted its stake in Diageo plc (NYSE:DEO) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,688 shares of the company’s stock after purchasing an additional 185 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Diageo were worth $977,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brooklyn Investment Group bought a new stake in Diageo in the third quarter worth $25,000. Eastern Bank raised its position in shares of Diageo by 107.8% in the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares during the last quarter. Modus Advisors LLC bought a new position in Diageo in the 4th quarter worth about $35,000. Concord Wealth Partners purchased a new stake in Diageo during the 3rd quarter valued at about $38,000. Finally, Bruce G. Allen Investments LLC increased its stake in Diageo by 1,395.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock valued at $42,000 after purchasing an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

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

Diageo Trading Down 1.7 %

Shares of Diageo stock opened at $117.64 on Thursday. Diageo plc has a twelve month low of $113.99 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 1.53. The company’s 50 day moving average is $122.51 and its 200 day moving average is $127.68.

Diageo 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.