Diageo plc (NYSE:DEO) Shares Bought by HF Advisory Group LLC

HF Advisory Group LLC lifted its holdings in shares of Diageo plc (NYSE:DEO) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,471 shares of the company’s stock after buying an additional 775 shares during the period. HF Advisory Group LLC’s holdings in Diageo were worth $1,077,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Brooklyn Investment Group acquired a new stake in 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 purchasing an additional 125 shares during the period. Modus Advisors LLC purchased a new position in Diageo in the 4th quarter valued at $35,000. Concord Wealth Partners acquired a new position in Diageo in the 3rd quarter valued at $38,000. Finally, Bruce G. Allen Investments LLC raised 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 worth $42,000 after buying an additional 279 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

DEO has been the topic of several analyst reports. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. TD Cowen boosted their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research note 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 company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Price Performance

Shares of Diageo stock opened at $118.75 on Friday. The company has a 50-day moving average of $122.58 and a two-hundred day moving average of $127.88. Diageo plc has a 12-month low of $113.99 and a 12-month high of $154.71. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

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.