Bleakley Financial Group LLC Lowers Stock Holdings in Diageo plc (NYSE:DEO)

Bleakley Financial Group LLC lessened its stake in shares of Diageo plc (NYSE:DEO) by 2.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,311 shares of the company’s stock after selling 324 shares during the period. Bleakley Financial Group LLC’s holdings in Diageo were worth $1,565,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DEO. Brooklyn Investment Group purchased a new position in shares of Diageo during the third quarter valued at $25,000. Eastern Bank increased its holdings in Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after buying an additional 125 shares during the period. Concord Wealth Partners bought a new position in Diageo in the third quarter worth approximately $38,000. Modus Advisors LLC bought a new position in Diageo in the fourth quarter worth about $35,000. Finally, Bruce G. Allen Investments LLC lifted its position in shares of Diageo by 1,395.0% during the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock valued at $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.

Diageo Trading Down 1.3 %

Shares of DEO stock opened at $110.36 on Friday. The company has a 50-day moving average of $122.53 and a two-hundred day moving average of $126.91. The firm has a market cap of $61.39 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 4.06 and a beta of 0.66. Diageo plc has a 1-year low of $110.18 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 Ratings Changes

DEO has been the subject of several recent analyst reports. TD Cowen raised their target price on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One 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, 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.