Salvus Wealth Management LLC Has $900,000 Stock Holdings in Diageo plc (NYSE:DEO)

Salvus Wealth Management LLC increased its position in shares of Diageo plc (NYSE:DEO) by 86.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,076 shares of the company’s stock after acquiring an additional 3,275 shares during the period. Salvus Wealth Management LLC’s holdings in Diageo were worth $900,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in shares of Diageo during the 3rd quarter worth about $25,000. Eastern Bank raised its holdings in shares of Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. Concord Wealth Partners acquired a new position in Diageo during the third quarter worth $38,000. Modus Advisors LLC bought a new position in Diageo during the fourth quarter valued at about $35,000. Finally, Bruce G. Allen Investments LLC raised its holdings in Diageo by 1,395.0% during the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock valued at $42,000 after buying an additional 279 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

DEO has been the topic of a number of analyst reports. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen boosted their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Up 1.1 %

Shares of NYSE DEO opened at $117.21 on Friday. Diageo plc has a one year low of $113.99 and a one year high of $154.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The business has a fifty day simple moving average of $122.70 and a 200 day simple moving average of $128.01.

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.