Optimist Retirement Group LLC reduced its holdings in Diageo plc (NYSE:DEO - Free Report) by 50.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,319 shares of the company's stock after selling 8,362 shares during the period. Optimist Retirement Group LLC's holdings in Diageo were worth $1,058,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in Diageo during the third quarter worth $25,000. Eastern Bank grew its position in Diageo by 107.8% in the 4th quarter. Eastern Bank now owns 241 shares of the company's stock worth $31,000 after purchasing an additional 125 shares during the last quarter. Modus Advisors LLC bought a new position in shares of Diageo during the 4th quarter worth about $35,000. Concord Wealth Partners bought a new stake in shares of Diageo in the third quarter valued at about $38,000. Finally, Bruce G. Allen Investments LLC grew its position in 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 in the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages recently commented on DEO. UBS Group raised 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 report on Wednesday, January 8th. Finally, Jefferies Financial Group raised shares of Diageo from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. One 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.com, Diageo presently has a consensus rating of "Hold" and an average price target of $129.00.
Get Our Latest Stock Analysis on Diageo
Diageo Stock Performance
Diageo stock traded down $1.49 during mid-day trading on Friday, hitting $110.36. 976,660 shares of the company were exchanged, compared to its average volume of 1,096,495. The business has a fifty day moving average of $122.35 and a 200 day moving average of $126.77. Diageo plc has a 1-year low of $110.18 and a 1-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 1.60.
Diageo Profile
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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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