Pinnacle Bancorp Inc. Raises Stock Position in Diageo plc (NYSE:DEO)

Pinnacle Bancorp Inc. lifted its holdings in shares of Diageo plc (NYSE:DEO) by 16.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,038 shares of the company’s stock after buying an additional 146 shares during the period. Pinnacle Bancorp Inc.’s holdings in Diageo were worth $132,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Kathmere Capital Management LLC purchased a new stake in shares of Diageo in the fourth quarter worth about $214,000. Allen Mooney & Barnes Investment Advisors LLC lifted its position in Diageo by 2.6% during the 4th quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 45,877 shares of the company’s stock worth $5,832,000 after acquiring an additional 1,161 shares in the last quarter. R.H. Investment Group LLC purchased a new position in Diageo in the 4th quarter worth approximately $2,754,000. Wynn Capital LLC grew its position in Diageo by 11.0% in the fourth quarter. Wynn Capital LLC now owns 3,777 shares of the company’s stock valued at $480,000 after acquiring an additional 375 shares in the last quarter. Finally, Fiduciary Financial Group LLC purchased a new stake in shares of Diageo during the fourth quarter valued at approximately $240,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on DEO shares. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. TD Cowen upped their price objective on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Finally, UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Diageo presently has an average rating of “Hold” and an average price target of $129.00.

Diageo Trading Up 1.1 %

Shares of NYSE:DEO opened at $117.21 on Friday. The company has a fifty day simple moving average of $122.70 and a 200 day simple moving average of $128.01. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo plc has a 12-month low of $113.99 and a 12-month high of $154.71.

About Diageo

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