Montag A & Associates Inc. Grows Position in Diageo plc (NYSE:DEO)

Montag A & Associates Inc. grew its position in shares of Diageo plc (NYSE:DEO) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,062 shares of the company’s stock after acquiring an additional 176 shares during the quarter. Montag A & Associates Inc.’s holdings in Diageo were worth $3,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Natixis Advisors L.P. increased its position in Diageo by 55.9% in the fourth quarter. Natixis Advisors L.P. now owns 645,642 shares of the company’s stock worth $94,044,000 after buying an additional 231,396 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Diageo by 26.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 659,034 shares of the company’s stock valued at $98,315,000 after purchasing an additional 138,406 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Diageo by 6.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,161,648 shares of the company’s stock worth $301,886,000 after purchasing an additional 137,397 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Diageo in the fourth quarter worth $15,391,000. Finally, HS Management Partners LLC raised its holdings in shares of Diageo by 16.3% in the 4th quarter. HS Management Partners LLC now owns 706,205 shares of the company’s stock valued at $102,866,000 after acquiring an additional 98,819 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas lowered shares of Diageo from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $3,797.50.

Diageo Stock Performance

Shares of DEO stock traded up $1.93 during trading hours on Thursday, hitting $142.84. 566,203 shares of the company’s stock were exchanged, compared to its average volume of 789,448. Diageo plc has a 12-month low of $135.63 and a 12-month high of $184.93. The business’s 50 day simple moving average is $144.15 and its 200-day simple moving average is $145.28. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.