Nicholas Hoffman & Company LLC. Purchases 7,449 Shares of Diageo plc $DEO

Nicholas Hoffman & Company LLC. lifted its holdings in Diageo plc (NYSE:DEO) by 305.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,885 shares of the company’s stock after purchasing an additional 7,449 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Diageo were worth $943,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DEO. Twin Peaks Wealth Advisors LLC bought a new position in Diageo during the second quarter valued at $26,000. Arlington Trust Co LLC raised its position in shares of Diageo by 3,885.7% during the 3rd quarter. Arlington Trust Co LLC now owns 279 shares of the company’s stock valued at $27,000 after buying an additional 272 shares in the last quarter. Bell Investment Advisors Inc raised its position in shares of Diageo by 94.7% during the 2nd quarter. Bell Investment Advisors Inc now owns 292 shares of the company’s stock valued at $29,000 after buying an additional 142 shares in the last quarter. New England Capital Financial Advisors LLC bought a new position in shares of Diageo in the 3rd quarter valued at about $29,000. Finally, HHM Wealth Advisors LLC grew its position in Diageo by 76.5% in the second quarter. HHM Wealth Advisors LLC now owns 330 shares of the company’s stock worth $33,000 after acquiring an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

DEO has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Diageo in a research report on Friday, November 28th. Barclays restated an “overweight” rating on shares of Diageo in a report on Thursday, December 11th. Zacks Research lowered shares of Diageo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. UBS Group reiterated a “neutral” rating on shares of Diageo in a research report on Wednesday, December 3rd. Finally, Sanford C. Bernstein set a $124.00 target price on shares of Diageo and gave the company an “outperform” rating in a research note on Monday, December 29th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $116.50.

Diageo Trading Up 4.7%

DEO stock opened at $89.51 on Friday. Diageo plc has a twelve month low of $84.52 and a twelve month high of $116.69. The business’s fifty day simple moving average is $91.51 and its two-hundred day simple moving average is $95.50. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64.

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.