Diageo plc (NYSE:DEO) Shares Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC boosted its holdings in shares of Diageo plc (NYSE:DEO) by 32.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,770 shares of the company’s stock after buying an additional 1,400 shares during the period. Diversify Wealth Management LLC’s holdings in Diageo were worth $682,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DEO. Brooklyn Investment Group acquired a new stake in shares of Diageo in the third quarter valued at $25,000. Eastern Bank raised its position in Diageo by 107.8% in 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. Modus Advisors LLC purchased a new position in shares of Diageo in the 4th quarter valued at about $35,000. Concord Wealth Partners acquired a new position in shares of Diageo during the third quarter worth about $38,000. Finally, Bruce G. Allen Investments LLC increased its stake in shares of Diageo by 1,395.0% during the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after buying an additional 279 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

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

Diageo Trading Up 0.9 %

DEO stock opened at $119.80 on Wednesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. Diageo plc has a twelve month low of $113.99 and a twelve month high of $154.71. The company’s 50 day moving average is $122.54 and its two-hundred day moving average is $127.82.

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.