Diageo plc $DEO Shares Purchased by AlphaCore Capital LLC

AlphaCore Capital LLC raised its stake in Diageo plc (NYSE:DEO) by 48.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,464 shares of the company’s stock after acquiring an additional 1,132 shares during the quarter. AlphaCore Capital LLC’s holdings in Diageo were worth $349,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in DEO. SageView Advisory Group LLC boosted its holdings in Diageo by 1.7% during the first quarter. SageView Advisory Group LLC now owns 5,450 shares of the company’s stock worth $571,000 after buying an additional 89 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of Diageo by 3.0% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 3,287 shares of the company’s stock worth $331,000 after acquiring an additional 96 shares during the period. Pinnacle West Asset Management Inc. boosted its stake in shares of Diageo by 3.2% during the 1st quarter. Pinnacle West Asset Management Inc. now owns 3,240 shares of the company’s stock worth $340,000 after acquiring an additional 100 shares in the last quarter. Aaron Wealth Advisors LLC boosted its stake in shares of Diageo by 2.9% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,541 shares of the company’s stock worth $357,000 after acquiring an additional 101 shares in the last quarter. Finally, Pavion Blue Capital LLC boosted its position in Diageo by 0.4% during the second quarter. Pavion Blue Capital LLC now owns 26,367 shares of the company’s stock worth $2,659,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Performance

NYSE:DEO opened at $90.74 on Tuesday. The stock has a 50 day moving average price of $94.86 and a 200 day moving average price of $102.76. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64. Diageo plc has a one year low of $86.57 and a one year high of $132.34.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DEO shares. Bank of America cut their price objective on Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a research report on Friday, September 26th. The Goldman Sachs Group raised shares of Diageo from a “sell” rating to a “neutral” rating in a report on Thursday, August 7th. Zacks Research downgraded shares of Diageo from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $119.00.

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.