Milestone Asset Management LLC Has $1.25 Million Stock Position in Diageo plc (NYSE:DEO)

Milestone Asset Management LLC boosted its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 377.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,845 shares of the company's stock after purchasing an additional 7,784 shares during the quarter. Milestone Asset Management LLC's holdings in Diageo were worth $1,252,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Iams Wealth Management LLC boosted its position in shares of Diageo by 18.2% in the fourth quarter. Iams Wealth Management LLC now owns 4,946 shares of the company's stock valued at $629,000 after acquiring an additional 761 shares during the period. Hantz Financial Services Inc. raised its stake in Diageo by 4.6% during the 4th quarter. Hantz Financial Services Inc. now owns 40,970 shares of the company's stock valued at $5,209,000 after purchasing an additional 1,804 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in Diageo by 1.5% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 7,218 shares of the company's stock valued at $918,000 after purchasing an additional 105 shares during the period. Stonegate Investment Group LLC grew its position in Diageo by 6.9% in the 4th quarter. Stonegate Investment Group LLC now owns 3,868 shares of the company's stock worth $492,000 after purchasing an additional 250 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its holdings in shares of Diageo by 22.3% during the 4th quarter. Perigon Wealth Management LLC now owns 2,218 shares of the company's stock worth $260,000 after purchasing an additional 405 shares during the period. Institutional investors and hedge funds own 8.97% of the company's stock.

Diageo Price Performance

Shares of DEO traded up $1.63 during mid-day trading on Thursday, reaching $122.33. The company had a trading volume of 709,789 shares, compared to its average volume of 1,089,972. The company's 50-day moving average is $122.87 and its 200-day moving average is $127.45. 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 company has a market capitalization of $68.05 billion, a P/E ratio of 17.08, a P/E/G ratio of 3.98 and a beta of 0.67. Diageo plc has a twelve month low of $113.99 and a twelve month high of $154.71.

Analyst Ratings Changes

DEO has been the topic of a number of recent research reports. TD Cowen lifted their target price on Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. UBS Group upgraded Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded Diageo from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $129.00.

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.