Diageo plc (NYSE:DEO) Shares Acquired by Focus Partners Wealth

Focus Partners Wealth grew its holdings in Diageo plc (NYSE:DEO) by 122.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 46,901 shares of the company’s stock after buying an additional 25,844 shares during the period. Focus Partners Wealth’s holdings in Diageo were worth $5,987,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. CoreFirst Bank & Trust acquired a new position in shares of Diageo in the 4th quarter valued at $25,000. Eastern Bank lifted its stake in shares of Diageo by 107.8% in the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the last quarter. BNP Paribas acquired a new position in shares of Diageo in the 4th quarter valued at $32,000. Kestra Investment Management LLC acquired a new position in shares of Diageo in the 4th quarter valued at $36,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Diageo in the 4th quarter valued at $47,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Price Performance

DEO stock opened at $112.26 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $62.45 billion, a PE ratio of 16.39, a P/E/G ratio of 2.39 and a beta of 0.60. Diageo plc has a 12-month low of $100.72 and a 12-month high of $144.27. The business’s fifty day moving average price is $109.05 and its 200 day moving average price is $115.85.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DEO. Berenberg Bank began coverage on Diageo in a research note on Wednesday, April 2nd. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five 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 a consensus 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.