Clear Harbor Asset Management LLC Makes New Investment in Diageo plc (NYSE:DEO)

Clear Harbor Asset Management LLC purchased a new stake in shares of Diageo plc (NYSE:DEO) during the fourth quarter, Holdings Channel.com reports. The firm purchased 2,558 shares of the company’s stock, valued at approximately $325,000.

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

Diageo Trading Up 0.9 %

NYSE:DEO opened at $119.80 on Wednesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo plc has a 52 week low of $113.99 and a 52 week high of $154.71. The stock’s 50 day moving average price is $122.54 and its 200 day moving average price is $127.82.

Wall Street Analysts Forecast Growth

DEO has been the topic of a number of research reports. TD Cowen upped their target price on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, UBS Group upgraded shares of 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 issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Diageo currently has an average 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.