Greenleaf Trust lowered its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 66.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,208 shares of the company's stock after selling 6,342 shares during the period. Greenleaf Trust's holdings in Diageo were worth $408,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the stock. Brooklyn Investment Group acquired a new position in shares of Diageo in the 3rd quarter valued at $25,000. Eastern Bank increased its stake in Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company's stock valued at $31,000 after acquiring an additional 125 shares during the period. Modus Advisors LLC acquired a new position in Diageo in the fourth quarter worth about $35,000. Concord Wealth Partners bought a new position in Diageo during the third quarter worth about $38,000. Finally, Bruce G. Allen Investments LLC boosted 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 purchasing an additional 279 shares in the last quarter. Institutional investors own 8.97% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently issued reports on DEO. UBS Group upgraded shares of Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. TD Cowen lifted their target price on shares of Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded Diageo from a "hold" rating to a "buy" rating in a research 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 assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $129.00.
View Our Latest Analysis on Diageo
Diageo Stock Performance
NYSE:DEO traded down $1.49 during trading hours on Friday, hitting $110.36. The stock had a trading volume of 976,660 shares, compared to its average volume of 1,096,495. The business's 50 day moving average is $122.35 and its 200-day moving average is $126.77. The company has a quick ratio of 0.55, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. Diageo plc has a one year low of $110.18 and a one year high of $154.71.
About Diageo
(
Free Report)
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.
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