Grove Bank & Trust Buys 1,759 Shares of Diageo plc (NYSE:DEO)

Grove Bank & Trust lifted its position in Diageo plc (NYSE:DEO) by 30.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,462 shares of the company’s stock after acquiring an additional 1,759 shares during the quarter. Grove Bank & Trust’s holdings in Diageo were worth $949,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kelly Financial Services LLC purchased a new stake in Diageo in the 4th quarter valued at about $2,754,000. HF Advisory Group LLC grew its holdings in shares of Diageo by 10.1% in the fourth quarter. HF Advisory Group LLC now owns 8,471 shares of the company’s stock valued at $1,077,000 after acquiring an additional 775 shares in the last quarter. Aaron Wealth Advisors LLC increased its position in shares of Diageo by 13.2% during the fourth quarter. Aaron Wealth Advisors LLC now owns 3,235 shares of the company’s stock valued at $411,000 after acquiring an additional 378 shares during the last quarter. HB Wealth Management LLC lifted its holdings in Diageo by 9.9% during the fourth quarter. HB Wealth Management LLC now owns 11,687 shares of the company’s stock worth $1,486,000 after acquiring an additional 1,053 shares during the period. Finally, Premier Path Wealth Partners LLC purchased a new position in Diageo in the fourth quarter worth $1,308,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

Shares of NYSE DEO opened at $118.75 on Monday. The stock’s 50-day moving average is $122.58 and its 200 day moving average is $127.90. Diageo plc has a 1-year low of $113.99 and a 1-year high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. TD Cowen increased their price target on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $129.00.

About Diageo

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.