Live Oak Private Wealth LLC Buys 3,955 Shares of Diageo plc (NYSE:DEO)

Live Oak Private Wealth LLC raised its holdings in shares of Diageo plc (NYSE:DEO - Free Report) by 6.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,207 shares of the company's stock after buying an additional 3,955 shares during the period. Live Oak Private Wealth LLC's holdings in Diageo were worth $6,623,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. GeoWealth Management LLC increased its holdings in Diageo by 1.3% during the fourth quarter. GeoWealth Management LLC now owns 6,944 shares of the company's stock valued at $883,000 after buying an additional 92 shares during the last quarter. Aptus Capital Advisors LLC increased its holdings in Diageo by 5.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,867 shares of the company's stock valued at $237,000 after buying an additional 95 shares during the last quarter. Grove Bank & Trust increased its holdings in Diageo by 1.3% during the first quarter. Grove Bank & Trust now owns 7,560 shares of the company's stock valued at $792,000 after buying an additional 98 shares during the last quarter. Malaga Cove Capital LLC increased its holdings in Diageo by 3.3% during the fourth quarter. Malaga Cove Capital LLC now owns 3,101 shares of the company's stock valued at $394,000 after buying an additional 100 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Diageo by 2.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,735 shares of the company's stock worth $475,000 after purchasing an additional 103 shares during the period. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Price Performance

Shares of DEO traded up $0.73 during mid-day trading on Thursday, reaching $100.59. The stock had a trading volume of 722,717 shares, compared to its average volume of 966,184. 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 business has a fifty day moving average of $109.18 and a 200 day moving average of $112.76. Diageo plc has a 12 month low of $99.26 and a 12 month high of $142.73. The firm has a market cap of $55.96 billion, a price-to-earnings ratio of 14.68 and a beta of 0.58.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Berenberg Bank assumed coverage on shares of Diageo in a research report on Wednesday, April 2nd. They issued a "buy" rating for the company. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.