DMC Group LLC Increases Stock Position in Diageo plc (NYSE:DEO)

DMC Group LLC raised its position in Diageo plc (NYSE:DEO) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,885 shares of the company’s stock after acquiring an additional 176 shares during the quarter. DMC Group LLC’s holdings in Diageo were worth $240,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in Diageo during the 3rd quarter valued at approximately $25,000. Eastern Bank raised its holdings in shares of Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after acquiring an additional 125 shares in the last quarter. Concord Wealth Partners purchased a new stake in Diageo in the third quarter worth $38,000. Modus Advisors LLC bought a new stake in Diageo in the fourth quarter valued at $35,000. Finally, Bruce G. Allen Investments LLC increased 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 valued at $42,000 after purchasing an additional 279 shares during the period. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Price Performance

Diageo stock opened at $120.67 on Thursday. Diageo plc has a 12 month low of $113.99 and a 12 month high of $154.71. The business’s fifty day simple moving average is $122.84 and its two-hundred day simple moving average is $127.50. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

Analysts Set New Price Targets

DEO has been the topic of a number of research reports. 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 note on Wednesday, January 8th. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Diageo has an average rating of “Hold” and an average price target of $129.00.

Diageo Company 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.