DMKC Advisory Services LLC Boosts Holdings in Diageo plc $DEO

DMKC Advisory Services LLC grew its holdings in shares of Diageo plc (NYSE:DEO) by 30.6% in the second quarter, Holdings Channel.com reports. The firm owned 36,589 shares of the company’s stock after buying an additional 8,573 shares during the period. DMKC Advisory Services LLC’s holdings in Diageo were worth $2,941,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in Diageo during the fourth quarter valued at approximately $202,000. Russell Investments Group Ltd. boosted its stake in Diageo by 17.0% in the second quarter. Russell Investments Group Ltd. now owns 3,952 shares of the company’s stock worth $399,000 after buying an additional 574 shares in the last quarter. Invesco Ltd. grew its position in Diageo by 5.3% during the second quarter. Invesco Ltd. now owns 212,004 shares of the company’s stock valued at $21,379,000 after acquiring an additional 10,653 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Diageo by 87.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,234 shares of the company’s stock valued at $124,000 after acquiring an additional 575 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Diageo during the second quarter worth approximately $444,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Zacks Research lowered Diageo from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. TD Cowen raised Diageo from a “hold” rating to a “buy” rating and increased their price objective for the company from $88.00 to $93.00 in a research note on Thursday, June 25th. Loop Capital set a $99.00 price objective on Diageo in a research note on Thursday, June 18th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a report on Friday, July 17th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $106.25.

Diageo Price Performance

Shares of DEO opened at $88.30 on Thursday. Diageo plc has a 12 month low of $72.45 and a 12 month high of $116.41. The business’s fifty day simple moving average is $82.66 and its two-hundred day simple moving average is $83.80. The company has a current ratio of 1.60, a quick ratio of 0.71 and a debt-to-equity ratio of 1.53.

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.