Perigon Wealth Management LLC Boosts Stock Position in Diageo plc (NYSE:DEO)

Perigon Wealth Management LLC boosted its holdings in Diageo plc (NYSE:DEO) by 22.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,218 shares of the company’s stock after buying an additional 405 shares during the quarter. Perigon Wealth Management LLC’s holdings in Diageo were worth $260,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Citigroup Inc. increased its holdings in Diageo by 4.4% in the third quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock valued at $22,234,000 after buying an additional 6,617 shares during the last quarter. Canoe Financial LP increased its holdings in Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after buying an additional 8,104,301 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Diageo by 32.8% in the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after buying an additional 16,285 shares during the last quarter. FMR LLC increased its holdings in Diageo by 9.1% in the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after buying an additional 437,646 shares during the last quarter. Finally, Premier Path Wealth Partners LLC purchased a new position in Diageo in the fourth quarter valued at $1,308,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

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

Diageo Trading Down 1.4 %

Shares of DEO opened at $119.93 on Monday. Diageo plc has a fifty-two week low of $113.99 and a fifty-two week high of $154.71. The firm has a 50-day simple moving average of $122.93 and a 200-day simple moving average of $127.33. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

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.