OneAscent Financial Services LLC Raises Stock Position in Diageo plc (NYSE:DEO)


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OneAscent Financial Services LLC boosted its holdings in Diageo plc (NYSE:DEO) by 11.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,793 shares of the company’s stock after buying an additional 287 shares during the period. OneAscent Financial Services LLC’s holdings in Diageo were worth $444,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Freestone Capital Holdings LLC purchased a new position in Diageo during the third quarter valued at approximately $28,000. Biltmore Capital Advisors LLC purchased a new position in Diageo during the third quarter valued at approximately $41,000. BNC Wealth Management LLC purchased a new position in Diageo during the third quarter valued at approximately $46,000. McIlrath & Eck LLC grew its position in Diageo by 27.2% during the third quarter. McIlrath & Eck LLC now owns 369 shares of the company’s stock valued at $51,000 after purchasing an additional 79 shares in the last quarter. Finally, AXA S.A. purchased a new position in Diageo during the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 8.30% of the company’s stock.

A number of research analysts recently commented on DEO shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Diageo in a research report on Thursday, December 3rd. Jefferies Financial Group upgraded shares of Diageo from an “underperform” rating to a “buy” rating and lifted their target price for the company from $109.00 to $164.00 in a research note on Wednesday, October 7th. Barclays reiterated an “overweight” rating on shares of Diageo in a research note on Monday, November 9th. Morgan Stanley upgraded shares of Diageo from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 27th. Finally, Credit Suisse Group upgraded shares of Diageo from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 25th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $145.00.

Shares of DEO opened at $160.18 on Thursday. The firm’s 50 day moving average is $159.33 and its 200-day moving average is $144.42. The stock has a market capitalization of $93.65 billion, a P/E ratio of 29.12, a P/E/G ratio of 3.59 and a beta of 0.67. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.77 and a quick ratio of 0.88. Diageo plc has a 12-month low of $100.52 and a 12-month high of $171.29.

About Diageo

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, adult beverages, cachaça, spirits, and brandy, as well as beer, including cider and non-alcoholic products.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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