Tevis Investment Management Buys 8,528 Shares of Diageo plc (NYSE:DEO)

Tevis Investment Management grew its holdings in shares of Diageo plc (NYSE:DEO - Free Report) by 159.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,869 shares of the company's stock after buying an additional 8,528 shares during the quarter. Diageo makes up 1.3% of Tevis Investment Management's portfolio, making the stock its 23rd largest position. Tevis Investment Management's holdings in Diageo were worth $1,763,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DEO. Brooklyn Investment Group bought a new position in shares of Diageo during the 3rd quarter worth approximately $25,000. Eastern Bank lifted its holdings in shares of Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company's stock worth $31,000 after buying an additional 125 shares in the last quarter. Modus Advisors LLC bought a new stake in shares of Diageo in the fourth quarter valued at about $35,000. Concord Wealth Partners acquired a new position in shares of Diageo in the third quarter valued at about $38,000. Finally, Heck Capital Advisors LLC bought a new position in Diageo during the fourth quarter worth about $47,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Trading Down 1.7 %

Shares of NYSE DEO traded down $1.79 during midday trading on Wednesday, reaching $106.34. The company's stock had a trading volume of 1,026,196 shares, compared to its average volume of 1,117,553. Diageo plc has a 12-month low of $105.72 and a 12-month high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.55. The firm has a 50 day moving average price of $121.91 and a 200-day moving average price of $126.42.

Analyst Ratings Changes

A number of analysts have issued reports on DEO shares. Jefferies Financial Group raised shares of Diageo from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. TD Cowen increased 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. Finally, UBS Group raised Diageo from a "sell" rating to a "buy" rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Diageo presently 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.