Stephens Inc. AR Has $3.93 Million Stock Holdings in Diageo plc (NYSE:DEO)

Stephens Inc. AR trimmed its position in Diageo plc (NYSE:DEO) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,872 shares of the company’s stock after selling 1,848 shares during the quarter. Stephens Inc. AR’s holdings in Diageo were worth $3,925,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Citigroup Inc. lifted its position in shares of Diageo by 4.4% during the 3rd quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock valued at $22,234,000 after acquiring an additional 6,617 shares during the period. Canoe Financial LP lifted its position in shares of Diageo by 88,407.3% during the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after acquiring an additional 8,104,301 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Diageo by 32.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after acquiring an additional 16,285 shares during the period. FMR LLC lifted its position in shares of Diageo by 9.1% during the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock worth $735,671,000 after buying an additional 437,646 shares during the last quarter. Finally, Premier Path Wealth Partners LLC bought a new stake in shares of Diageo during the 4th quarter worth $1,308,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Performance

NYSE DEO opened at $108.36 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. Diageo plc has a one year low of $108.19 and a one year high of $154.71. The business has a 50 day simple moving average of $122.35 and a 200 day simple moving average of $126.74.

Analyst Ratings Changes

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

Diageo Company Profile

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.