Westhampton Capital LLC Has $1.50 Million Position in Diageo plc (NYSE:DEO)

Westhampton Capital LLC lessened its position in Diageo plc (NYSE:DEO) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,779 shares of the company’s stock after selling 248 shares during the quarter. Westhampton Capital LLC’s holdings in Diageo were worth $1,497,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of DEO. Murphy Pohlad Asset Management LLC raised its holdings in shares of Diageo by 10.0% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 3,247 shares of the company’s stock valued at $413,000 after purchasing an additional 295 shares during the last quarter. DMC Group LLC lifted its position in Diageo by 10.3% during the 4th quarter. DMC Group LLC now owns 1,885 shares of the company’s stock worth $240,000 after buying an additional 176 shares in the last quarter. Highland Capital Management LLC boosted its stake in shares of Diageo by 2.7% during the 4th quarter. Highland Capital Management LLC now owns 14,610 shares of the company’s stock worth $1,857,000 after buying an additional 380 shares during the last quarter. Milestone Asset Management LLC grew its holdings in shares of Diageo by 377.7% in the 4th quarter. Milestone Asset Management LLC now owns 9,845 shares of the company’s stock valued at $1,252,000 after acquiring an additional 7,784 shares in the last quarter. Finally, Iams Wealth Management LLC increased its position in shares of Diageo by 18.2% in the fourth quarter. Iams Wealth Management LLC now owns 4,946 shares of the company’s stock valued at $629,000 after acquiring an additional 761 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of NYSE DEO opened at $120.67 on Thursday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. The business’s 50 day moving average price is $122.84 and its two-hundred day moving average price is $127.50. Diageo plc has a twelve month low of $113.99 and a twelve month high of $154.71.

Analyst Ratings Changes

A number of research analysts have weighed in on DEO shares. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. TD Cowen increased their price objective on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Diageo currently has a consensus rating of “Hold” and a consensus target price of $129.00.

Diageo Profile

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.