R.H. Investment Group LLC acquired a new position in Diageo plc (NYSE:DEO - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 21,666 shares of the company's stock, valued at approximately $2,754,000. Diageo accounts for 2.6% of R.H. Investment Group LLC's investment portfolio, making the stock its 22nd biggest holding.
Other hedge funds and other institutional investors have also modified their holdings of the company. Brooklyn Investment Group purchased a new position in Diageo in the third quarter valued at approximately $25,000. Eastern Bank increased its position in shares of Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company's stock worth $31,000 after acquiring an additional 125 shares in the last quarter. Concord Wealth Partners purchased a new position in shares of Diageo in the 3rd quarter valued at $38,000. Modus Advisors LLC acquired a new position in shares of Diageo during the 4th quarter valued at $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 purchasing an additional 279 shares during the period. 8.97% of the stock is owned by institutional investors and hedge funds.
Diageo Stock Up 1.4 %
Shares of Diageo stock traded up $1.63 during trading hours on Wednesday, hitting $116.13. 811,501 shares of the company's stock traded hands, compared to its average volume of 1,212,249. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. Diageo plc has a twelve month low of $113.99 and a twelve month high of $154.71. The stock has a 50 day simple moving average of $122.77 and a 200-day simple moving average of $128.09. The company has a market cap of $64.60 billion, a PE ratio of 15.71, a PEG ratio of 3.73 and a beta of 0.67.
Analyst Ratings Changes
Several research firms have commented on DEO. Jefferies Financial Group raised Diageo from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. UBS Group upgraded Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. Finally, TD Cowen boosted their price target on Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $129.00.
Read Our Latest Analysis on DEO
Diageo Company Profile
(
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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