3,200 Shares in Diageo plc (NYSE:DEO) Purchased by Compound Global Advisors LLC

Compound Global Advisors LLC acquired a new position in Diageo plc (NYSE:DEO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,200 shares of the company’s stock, valued at approximately $407,000. Diageo comprises about 1.7% of Compound Global Advisors LLC’s holdings, making the stock its 27th largest holding.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in Diageo in the 3rd quarter worth about $25,000. Eastern Bank boosted its holdings in Diageo by 107.8% in the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after buying an additional 125 shares during the last quarter. Concord Wealth Partners acquired a new stake in Diageo in the 3rd quarter worth about $38,000. Modus Advisors LLC acquired a new stake in Diageo in the 4th quarter worth about $35,000. Finally, Heck Capital Advisors LLC acquired a new stake in Diageo in the 4th quarter worth about $47,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DEO has been the topic of several recent research reports. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. TD Cowen boosted their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Finally, UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Down 1.9 %

Shares of Diageo stock opened at $108.36 on Tuesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.60. The stock’s 50 day simple moving average is $122.35 and its 200-day simple moving average is $126.74. Diageo plc has a 1-year low of $108.19 and a 1-year high of $154.71.

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.