Compound Global Advisors LLC Takes Position in Diageo plc (NYSE:DEO)

Compound Global Advisors LLC bought a new stake in Diageo plc (NYSE:DEO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,200 shares of the company’s stock, valued at approximately $407,000. Diageo accounts for approximately 1.7% of Compound Global Advisors LLC’s investment portfolio, making the stock its 27th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new stake in Diageo in the fourth quarter valued at approximately $71,000. Cambiar Investors LLC raised its position in Diageo by 6.8% in the fourth quarter. Cambiar Investors LLC now owns 497,022 shares of the company’s stock valued at $63,186,000 after purchasing an additional 31,613 shares during the period. Mill Creek Capital Advisors LLC raised its position in Diageo by 1.7% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 6,367 shares of the company’s stock valued at $809,000 after purchasing an additional 104 shares during the period. Summit Trail Advisors LLC raised its position in Diageo by 10.0% in the fourth quarter. Summit Trail Advisors LLC now owns 4,324 shares of the company’s stock valued at $550,000 after purchasing an additional 394 shares during the period. Finally, Savant Capital LLC raised its position in Diageo by 5.0% in the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock valued at $237,000 after purchasing an additional 88 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

Diageo stock opened at $108.36 on Tuesday. Diageo plc has a twelve month low of $108.19 and a twelve month high of $154.71. The stock’s fifty day simple moving average is $122.35 and its 200-day simple moving average is $126.74. The company has a quick ratio of 0.55, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

Analyst Ratings Changes

A number of brokerages have issued reports on DEO. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. TD Cowen upped their price objective on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Finally, UBS Group raised 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 assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $129.00.

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.