Entropy Technologies LP Buys New Shares in Diageo plc (NYSE:DEO)

Entropy Technologies LP purchased a new position in Diageo plc (NYSE:DEO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,259 shares of the company’s stock, valued at approximately $796,000.

Several other institutional investors have also recently made changes to their positions in DEO. Citigroup Inc. boosted its stake in shares of Diageo by 4.4% in the third quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock worth $22,234,000 after acquiring an additional 6,617 shares during the period. Canoe Financial LP boosted its stake in Diageo by 88,407.3% in the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after purchasing an additional 8,104,301 shares during the period. BNP Paribas Financial Markets grew its holdings in Diageo by 32.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after buying an additional 16,285 shares in the last quarter. FMR LLC raised its position in shares of Diageo by 9.1% during the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after buying an additional 437,646 shares during the last quarter. Finally, Premier Path Wealth Partners LLC bought a new stake in shares of Diageo during the fourth quarter valued at approximately $1,308,000. Institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

DEO has been the subject of several research analyst reports. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen increased their price target on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Diageo has a consensus rating of “Hold” and an average target price of $129.00.

Diageo Price Performance

Shares of NYSE:DEO opened at $108.03 on Wednesday. The firm has a fifty day simple moving average of $122.13 and a two-hundred day simple moving average of $126.59. Diageo plc has a 52 week low of $107.24 and a 52 week 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.

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.