Diageo plc $DEO Stock Acquired by Great Hill Capital LLC

Key Points

• Great Hill Capital increased its Diageo stake by 8.2% in the third quarter, bringing its holdings to 153,837 shares valued at approximately $13.2 million.
• Other institutional investors also raised their positions, with hedge funds and institutions collectively owning 8.97% of Diageo’s outstanding shares.
• Analyst sentiment is mixed but leans positive: MarketBeat reports a “Moderate Buy” consensus rating and an average price target of $105.33, compared with the stock’s reported price of $93.49.

Great Hill Capital LLC lifted its holdings in shares of Diageo plc (NYSE:DEO - Free Report) by 8.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 153,837 shares of the company's stock after buying an additional 11,709 shares during the period. Diageo makes up approximately 0.8% of Great Hill Capital LLC's holdings, making the stock its 12th largest position. Great Hill Capital LLC's holdings in Diageo were worth $13,168,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. raised its stake in Diageo by 2.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,513 shares of the company's stock valued at $443,000 after acquiring an additional 152 shares during the last quarter. Lafayette Investments Inc. grew its stake in shares of Diageo by 0.4% in the 1st quarter. Lafayette Investments Inc. now owns 36,681 shares of the company's stock valued at $2,731,000 after purchasing an additional 154 shares during the last quarter. Cohen Investment Advisors LLC grew its stake in shares of Diageo by 4.1% in the 1st quarter. Cohen Investment Advisors LLC now owns 4,276 shares of the company's stock valued at $318,000 after purchasing an additional 169 shares during the last quarter. Sandy Cove Advisors LLC grew its stake in shares of Diageo by 2.9% in the 2nd quarter. Sandy Cove Advisors LLC now owns 6,189 shares of the company's stock valued at $497,000 after purchasing an additional 174 shares during the last quarter. Finally, Global Strategic Management Inc. increased its holdings in shares of Diageo by 1.9% in the third quarter. Global Strategic Management Inc. now owns 10,550 shares of the company's stock valued at $904,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 8.97% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DEO shares. Zacks Research upgraded Diageo from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 5th. TD Cowen reaffirmed a "buy" rating on shares of Diageo in a report on Monday, August 10th. UBS Group reaffirmed a "neutral" rating on shares of Diageo in a report on Thursday, August 27th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Diageo in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $105.33.

Diageo Stock Down 0.0%

Shares of DEO stock opened at $93.49 on Wednesday. The stock has a fifty day moving average price of $89.52 and a 200 day moving average price of $84.93. Diageo plc has a 1 year low of $72.45 and a 1 year high of $102.74. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 1.53.

Diageo Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Friday, October 16th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a yield of 252.0%.

Diageo Company Profile

Diageo plc is a global beverage-alcohol company headquartered in London, England. It develops, produces, markets and distributes spirits, beer and ready-to-drink beverages through a portfolio of well-known international and regional brands.

Its brands include Johnnie Walker, Crown Royal and Bulleit whiskies; Smirnoff, Cîroc and Ketel One vodkas; Captain Morgan rum; Don Julio and Casamigos tequila; Tanqueray gin; Baileys liqueur; and Guinness stout. The company sells products through retail, hospitality and e-commerce channels, serving consumers in markets across North America, Europe, Asia-Pacific, Latin America, Africa and other regions.

Diageo was formed in 1997 through the merger of Grand Metropolitan and Guinness.

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