Lakeshore Capital Group Inc. Buys New Shares in Diageo plc (NYSE:DEO)

Lakeshore Capital Group Inc. acquired a new stake in Diageo plc (NYSE:DEO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,162 shares of the company's stock, valued at approximately $402,000.

Other hedge funds also recently made changes to their positions in the company. Alliance Wealth Advisors LLC UT grew its holdings in Diageo by 2.6% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company's stock worth $430,000 after acquiring an additional 86 shares during the last quarter. Savant Capital LLC grew its stake in shares of Diageo by 5.0% in the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company's stock worth $237,000 after purchasing an additional 88 shares during the last quarter. GeoWealth Management LLC grew its stake in shares of Diageo by 1.3% in the fourth quarter. GeoWealth Management LLC now owns 6,944 shares of the company's stock worth $883,000 after purchasing an additional 92 shares during the last quarter. Aptus Capital Advisors LLC increased its holdings in Diageo by 5.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,867 shares of the company's stock valued at $237,000 after purchasing an additional 95 shares during the period. Finally, Malaga Cove Capital LLC raised its position in Diageo by 3.3% during the 4th quarter. Malaga Cove Capital LLC now owns 3,101 shares of the company's stock worth $394,000 after purchasing an additional 100 shares during the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on DEO. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Berenberg Bank started coverage on shares of Diageo in a report on Wednesday, April 2nd. They set a "buy" rating for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $129.00.

Diageo Trading Down 0.7%

Shares of DEO stock traded down $0.76 during mid-day trading on Friday, hitting $108.89. The company's stock had a trading volume of 635,144 shares, compared to its average volume of 946,437. The company has a market cap of $60.58 billion, a PE ratio of 15.90, a P/E/G ratio of 2.39 and a beta of 0.60. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The company's fifty day simple moving average is $109.88 and its 200-day simple moving average is $114.78. Diageo plc has a 52 week low of $100.72 and a 52 week high of $142.73.

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.