Evergreen Capital Management LLC Raises Stock Position in Diageo plc $DEO

Evergreen Capital Management LLC raised its holdings in shares of Diageo plc (NYSE:DEO) by 186.6% during the third quarter, Holdings Channel.com reports. The fund owned 12,406 shares of the company’s stock after buying an additional 8,077 shares during the period. Evergreen Capital Management LLC’s holdings in Diageo were worth $1,184,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DEO. Dorsey & Whitney Trust CO LLC grew its position in shares of Diageo by 3.0% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 3,287 shares of the company’s stock worth $331,000 after purchasing an additional 96 shares in the last quarter. Pavion Blue Capital LLC grew its holdings in Diageo by 0.4% during the 2nd quarter. Pavion Blue Capital LLC now owns 26,367 shares of the company’s stock valued at $2,659,000 after buying an additional 112 shares in the last quarter. IFP Advisors Inc raised its position in shares of Diageo by 9.6% during the second quarter. IFP Advisors Inc now owns 1,409 shares of the company’s stock valued at $142,000 after buying an additional 123 shares during the last quarter. Three Bridge Wealth Advisors LLC lifted its holdings in shares of Diageo by 2.0% in the third quarter. Three Bridge Wealth Advisors LLC now owns 6,246 shares of the company’s stock worth $596,000 after buying an additional 124 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Diageo by 10.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,341 shares of the company’s stock worth $135,000 after buying an additional 125 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DEO. Royal Bank Of Canada upgraded shares of Diageo from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 6th. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. Barclays reiterated an “overweight” rating on shares of Diageo in a research report on Thursday, December 11th. UBS Group reissued a “neutral” rating on shares of Diageo in a research note on Wednesday, December 3rd. Finally, Zacks Research downgraded Diageo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $116.50.

Diageo Stock Performance

NYSE DEO opened at $88.54 on Tuesday. The business’s 50 day moving average price is $89.37 and its 200-day moving average price is $97.47. Diageo plc has a fifty-two week low of $84.52 and a fifty-two week high of $125.94. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.63 and a quick ratio of 0.64.

Diageo Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.