Fiduciary Alliance LLC Invests $773,000 in Diageo plc $DEO

Fiduciary Alliance LLC purchased a new position in shares of Diageo plc (NYSE:DEO) during the 1st quarter, Holdings Channel.com reports. The fund purchased 9,704 shares of the company’s stock, valued at approximately $773,000.

A number of other institutional investors have also recently added to or reduced their stakes in DEO. Spire Wealth Management grew its stake in Diageo by 123.6% during the 4th quarter. Spire Wealth Management now owns 322 shares of the company’s stock valued at $28,000 after purchasing an additional 178 shares in the last quarter. Sound Income Strategies LLC grew its position in shares of Diageo by 8,000.0% during the fourth quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock worth $29,000 after buying an additional 320 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Diageo during the fourth quarter worth approximately $30,000. Texas Capital Bancshares Inc TX acquired a new stake in Diageo in the third quarter valued at $32,000. Finally, Q Fund Management Hong Kong Ltd acquired a new stake in Diageo in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Price Performance

Diageo stock opened at $83.47 on Friday. Diageo plc has a 12-month low of $72.45 and a 12-month high of $116.41. The company has a current ratio of 1.60, a quick ratio of 0.71 and a debt-to-equity ratio of 1.53. The firm has a 50 day simple moving average of $81.64 and a 200-day simple moving average of $84.55.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DEO shares. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research note on Monday, April 20th. BNP Paribas Exane upgraded Diageo from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 25th. Loop Capital set a $99.00 target price on Diageo in a report on Thursday, June 18th. TD Cowen upgraded Diageo from a “hold” rating to a “buy” rating and boosted their price target for the company from $88.00 to $93.00 in a report on Thursday. Finally, Argus raised Diageo to a “hold” rating in a research report on Tuesday, March 10th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Diageo presently has an average rating of “Hold” and an average target price of $106.25.

Diageo Profile

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.