Cohen Investment Advisors LLC Increases Position in Diageo plc (NYSE:DEO)

Cohen Investment Advisors LLC grew its holdings in shares of Diageo plc (NYSE:DEO) by 3.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,809 shares of the company’s stock after purchasing an additional 120 shares during the period. Cohen Investment Advisors LLC’s holdings in Diageo were worth $484,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers raised its stake in shares of Diageo by 3.1% in the second quarter. Rhumbline Advisers now owns 5,822 shares of the company’s stock worth $734,000 after purchasing an additional 174 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Diageo by 24.7% during the 2nd quarter. American Century Companies Inc. now owns 95,699 shares of the company’s stock valued at $12,066,000 after acquiring an additional 18,974 shares during the last quarter. Federated Hermes Inc. purchased a new position in shares of Diageo during the second quarter valued at approximately $5,071,000. Massachusetts Financial Services Co. MA boosted its holdings in Diageo by 2.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,106,473 shares of the company’s stock worth $139,504,000 after purchasing an additional 23,435 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Diageo by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 899,660 shares of the company’s stock valued at $113,429,000 after buying an additional 15,363 shares during the last quarter. 8.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on DEO shares. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. TD Cowen upped their price objective on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Diageo currently has a consensus rating of “Hold” and an average target price of $129.00.

Diageo Stock Performance

DEO opened at $117.21 on Friday. Diageo plc has a 52 week low of $113.99 and a 52 week high of $154.71. 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 has a 50-day simple moving average of $122.70 and a two-hundred day simple moving average of $128.01.

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.