Phraction Management LLC Has $1.22 Million Position in Diageo plc (NYSE:DEO)

Phraction Management LLC lowered its position in Diageo plc (NYSE:DEO) by 38.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,623 shares of the company’s stock after selling 6,024 shares during the period. Phraction Management LLC’s holdings in Diageo were worth $1,223,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in Diageo during the third quarter worth approximately $25,000. Eastern Bank boosted its position in 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. Concord Wealth Partners bought a new stake in Diageo during the third quarter worth approximately $38,000. Modus Advisors LLC bought a new stake in Diageo during the fourth quarter worth approximately $35,000. Finally, Heck Capital Advisors LLC bought a new stake in Diageo during the fourth quarter worth approximately $47,000. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

DEO opened at $106.34 on Thursday. Diageo plc has a 1-year low of $105.72 and a 1-year 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. The business has a 50 day moving average of $121.91 and a 200-day moving average of $126.42.

Wall Street Analyst Weigh In

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

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.