15,977 Shares in Diageo plc (NYSE:DEO) Acquired by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC acquired a new position in shares of Diageo plc (NYSE:DEO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,977 shares of the company's stock, valued at approximately $2,031,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Citigroup Inc. boosted its stake in Diageo by 4.4% during the third quarter. Citigroup Inc. now owns 158,428 shares of the company's stock worth $22,234,000 after acquiring an additional 6,617 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in 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 in the last quarter. FMR LLC boosted its holdings in Diageo by 9.1% during the third quarter. FMR LLC now owns 5,242,065 shares of the company's stock worth $735,671,000 after purchasing an additional 437,646 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of Diageo by 420.5% in the third quarter. Quantinno Capital Management LP now owns 39,189 shares of the company's stock valued at $5,500,000 after acquiring an additional 31,660 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in Diageo by 106.2% in the 3rd quarter. CIBC Asset Management Inc now owns 31,643 shares of the company's stock valued at $4,441,000 after purchasing an additional 16,300 shares during the period. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Performance

Shares of DEO stock traded up $3.97 during trading hours on Monday, reaching $125.35. The company's stock had a trading volume of 1,722,399 shares, compared to its average volume of 1,258,099. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. The firm's fifty day simple moving average is $123.51 and its 200 day simple moving average is $128.48. Diageo plc has a one year low of $117.72 and a one year high of $154.71.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Bank of America upgraded shares of Diageo from a "neutral" rating to a "buy" rating in a research note on Thursday, September 12th. UBS Group raised shares of Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded shares of Diageo from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Diageo has a consensus rating of "Hold".

Diageo 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.