29,795 Shares in Diageo plc (NYSE:DEO) Purchased by American National Bank & Trust Co. VA

American National Bank & Trust Co. VA purchased a new position in Diageo plc (NYSE:DEO) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 29,795 shares of the company’s stock, valued at approximately $4,432,000.

Several other institutional investors also recently modified their holdings of DEO. Scarborough Advisors LLC bought a new position in shares of Diageo in the 4th quarter worth about $25,000. Planned Solutions Inc. bought a new position in shares of Diageo in the 4th quarter worth about $27,000. Addison Advisors LLC increased its stake in shares of Diageo by 97.3% in the 4th quarter. Addison Advisors LLC now owns 217 shares of the company’s stock worth $32,000 after acquiring an additional 107 shares in the last quarter. Criterion Capital Advisors LLC bought a new position in shares of Diageo in the 4th quarter worth about $36,000. Finally, Accent Capital Management LLC purchased a new stake in Diageo during the 4th quarter valued at about $44,000. 8.97% of the stock is currently owned by institutional investors.

Diageo Price Performance

DEO stock traded up $2.15 during trading on Thursday, hitting $128.36. 399,350 shares of the stock traded hands, compared to its average volume of 676,516. Diageo plc has a 1 year low of $124.80 and a 1 year high of $179.78. The firm’s 50 day moving average is $135.32 and its two-hundred day moving average is $141.90. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $3,730.00.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.