Summit Trail Advisors LLC Has $461,000 Stock Position in Diageo plc (NYSE:DEO)

Summit Trail Advisors LLC boosted its position in Diageo plc (NYSE:DEO) by 53.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,167 shares of the company’s stock after acquiring an additional 1,109 shares during the period. Summit Trail Advisors LLC’s holdings in Diageo were worth $461,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Planned Solutions Inc. bought a new position in shares of Diageo in the fourth quarter valued at approximately $27,000. Addison Advisors LLC boosted its holdings in Diageo by 97.3% during the 4th quarter. Addison Advisors LLC now owns 217 shares of the company’s stock worth $32,000 after acquiring an additional 107 shares during the last quarter. Criterion Capital Advisors LLC bought a new stake in shares of Diageo in the 4th quarter worth $36,000. First Command Advisory Services Inc. purchased a new stake in shares of Diageo in the third quarter valued at about $48,000. Finally, Carmel Capital Partners LLC bought a new position in shares of Diageo during the third quarter valued at about $49,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Up 0.8 %

DEO stock traded up $1.06 during mid-day trading on Tuesday, hitting $138.21. The company had a trading volume of 200,343 shares, compared to its average volume of 788,215. Diageo plc has a 12 month low of $135.63 and a 12 month high of $188.11. The stock’s fifty day moving average price is $144.70 and its two-hundred day moving average price is $145.40. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58.

Wall Street Analyst Weigh In

Separately, BNP Paribas cut shares of Diageo from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $3,797.50.

Diageo Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.