Union Bancaire Privee UBP SA Invests $285,000 in Diageo plc (NYSE:DEO)

Union Bancaire Privee UBP SA purchased a new position in shares of Diageo plc (NYSE:DEO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,421 shares of the company's stock, valued at approximately $285,000.

Other hedge funds have also recently modified their holdings of the company. Global Retirement Partners LLC lifted its stake in shares of Diageo by 1.1% during the 3rd quarter. Global Retirement Partners LLC now owns 8,146 shares of the company's stock valued at $1,143,000 after buying an additional 85 shares in the last quarter. Diversified Trust Co raised its holdings in Diageo by 5.6% during the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company's stock valued at $236,000 after acquiring an additional 98 shares during the period. Malaga Cove Capital LLC lifted its position in shares of Diageo by 3.4% in the third quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company's stock valued at $421,000 after acquiring an additional 100 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in shares of Diageo by 4.7% in the third quarter. Farmers & Merchants Investments Inc. now owns 2,542 shares of the company's stock worth $357,000 after acquiring an additional 114 shares during the period. Finally, Merit Financial Group LLC grew its position in shares of Diageo by 6.2% during the fourth quarter. Merit Financial Group LLC now owns 2,000 shares of the company's stock worth $254,000 after purchasing an additional 116 shares in the last quarter. Institutional investors own 8.97% of the company's stock.

Diageo Stock Down 2.3 %

Diageo stock traded down $2.87 during midday trading on Wednesday, reaching $120.67. 770,769 shares of the stock traded hands, compared to its average volume of 1,112,387. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. Diageo plc has a 12 month low of $113.99 and a 12 month high of $154.71. The stock's fifty day moving average is $122.84 and its 200-day moving average is $127.50.

Wall Street Analyst Weigh In

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