Narwhal Capital Management grew its position in shares of Diageo plc (NYSE:DEO) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,950 shares of the company’s stock after buying an additional 875 shares during the period. Diageo accounts for 1.2% of Narwhal Capital Management’s investment portfolio, making the stock its 25th largest position. Narwhal Capital Management’s holdings in Diageo were worth $5,250,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. purchased a new stake in Diageo during the 2nd quarter worth about $558,000. Ameriprise Financial Inc. lifted its holdings in Diageo by 5.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 68,624 shares of the company’s stock worth $8,227,000 after purchasing an additional 3,446 shares in the last quarter. Quantitative Investment Management LLC purchased a new stake in Diageo during the 2nd quarter worth about $4,637,000. UBS Asset Management Americas Inc. lifted its holdings in Diageo by 124.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,479 shares of the company’s stock worth $177,000 after purchasing an additional 820 shares in the last quarter. Finally, ETRADE Capital Management LLC lifted its holdings in Diageo by 9.9% during the 2nd quarter. ETRADE Capital Management LLC now owns 6,356 shares of the company’s stock worth $762,000 after purchasing an additional 575 shares in the last quarter. 12.03% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on DEO shares. Evercore ISI started coverage on Diageo in a report on Thursday, September 28th. They set an “outperform” rating and a $152.00 price objective on the stock. Jefferies Group restated a “buy” rating and issued a $155.40 target price (up from $155.20) on shares of Diageo in a research note on Saturday, September 30th. Finally, Zacks Investment Research lowered Diageo from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $156.25.
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Diageo Company Profile
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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