Optimist Retirement Group LLC Has $1.06 Million Stock Position in Diageo plc (NYSE:DEO)

Optimist Retirement Group LLC reduced its holdings in shares of Diageo plc (NYSE:DEO) by 50.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,319 shares of the company’s stock after selling 8,362 shares during the quarter. Optimist Retirement Group LLC’s holdings in Diageo were worth $1,058,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Citigroup Inc. lifted its holdings in shares of Diageo by 4.4% in 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 during the last quarter. Canoe Financial LP increased its position in Diageo by 88,407.3% during the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after purchasing an additional 8,104,301 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Diageo by 32.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after purchasing an additional 16,285 shares during the last quarter. FMR LLC boosted its position in Diageo by 9.1% in the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after buying an additional 437,646 shares in the last quarter. Finally, Premier Path Wealth Partners LLC bought a new stake in shares of Diageo during the fourth quarter worth $1,308,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DEO shares. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. TD Cowen increased their target price on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a 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 given a buy rating to the company. Based on data from MarketBeat, Diageo has an average rating of “Hold” and an average target price of $129.00.

Diageo Stock Performance

Shares of Diageo stock opened at $111.52 on Thursday. 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 twelve month low of $111.36 and a twelve month high of $154.71. The company’s fifty day moving average is $122.81 and its 200 day moving average is $127.13.

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.