Diageo plc $DEO Position Boosted by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC boosted its position in Diageo plc (NYSE:DEO) by 246.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,678 shares of the company’s stock after buying an additional 6,886 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Diageo were worth $720,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Spire Wealth Management raised its position in shares of Diageo by 123.6% during the 4th quarter. Spire Wealth Management now owns 322 shares of the company’s stock valued at $28,000 after acquiring an additional 178 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of Diageo by 8,000.0% during the fourth quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock worth $29,000 after purchasing an additional 320 shares during the period. Texas Capital Bancshares Inc TX acquired a new stake in shares of Diageo during the third quarter worth $32,000. Flagship Harbor Advisors LLC bought a new position in shares of Diageo in the 4th quarter worth about $30,000. Finally, Q Fund Management Hong Kong Ltd bought a new position in shares of Diageo in the 4th quarter worth about $43,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Up 1.5%

Shares of NYSE DEO opened at $82.87 on Wednesday. The stock has a fifty day moving average price of $81.78 and a two-hundred day moving average price of $84.21. The company has a quick ratio of 0.71, a current ratio of 1.60 and a debt-to-equity ratio of 1.53. Diageo plc has a 1 year low of $72.45 and a 1 year high of $116.41.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DEO shares. BNP Paribas Exane upgraded Diageo from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 25th. Loop Capital set a $99.00 price target on shares of Diageo in a research report on Thursday, June 18th. Argus raised shares of Diageo to a “hold” rating in a report on Tuesday, March 10th. TD Cowen upgraded shares of Diageo from a “hold” rating to a “buy” rating and lifted their price objective for the company from $88.00 to $93.00 in a research report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $106.25.

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.