Salvus Wealth Management LLC lifted its holdings in Diageo plc (NYSE:DEO - Free Report) by 86.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,076 shares of the company's stock after purchasing an additional 3,275 shares during the quarter. Salvus Wealth Management LLC's holdings in Diageo were worth $900,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new position in shares of Diageo in the 3rd quarter worth $25,000. Eastern Bank grew its position in 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. Modus Advisors LLC purchased a new position in Diageo in the fourth quarter worth about $35,000. Concord Wealth Partners bought a new stake in Diageo during the third quarter worth approximately $38,000. Finally, Bruce G. Allen Investments LLC raised 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 valued at $42,000 after purchasing an additional 279 shares during the period. Institutional investors own 8.97% of the company's stock.
Diageo Stock Up 1.2 %
DEO stock traded up $1.38 during trading on Friday, hitting $118.75. The company had a trading volume of 895,609 shares, compared to its average volume of 1,155,737. Diageo plc has a 52-week low of $113.99 and a 52-week high of $154.71. The company has a 50 day simple moving average of $122.61 and a 200-day simple moving average of $127.93. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.
Analyst Ratings Changes
Several equities analysts have recently weighed in on DEO shares. UBS Group raised Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. TD Cowen boosted their price objective 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 upgraded shares of Diageo from a "hold" rating to a "buy" rating in a 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 given a buy rating to the stock. According to MarketBeat, Diageo presently has a consensus rating of "Hold" and an average target price of $129.00.
Get Our Latest Stock Report on Diageo
Diageo Company 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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