Crews Bank & Trust Makes New Investment in Diageo plc (NYSE:DEO)

Crews Bank & Trust acquired a new stake in shares of Diageo plc (NYSE:DEO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 400 shares of the company’s stock, valued at approximately $51,000.

Several other hedge funds and other institutional investors have also made changes to their positions in DEO. Citigroup Inc. raised its position in Diageo by 4.4% in the 3rd quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock worth $22,234,000 after purchasing an additional 6,617 shares during the period. Canoe Financial LP raised its holdings in shares of Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after buying an additional 8,104,301 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Diageo by 32.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock worth $9,248,000 after acquiring an additional 16,285 shares during the last quarter. FMR LLC boosted its holdings in Diageo by 9.1% during the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after acquiring an additional 437,646 shares during the period. Finally, Premier Path Wealth Partners LLC bought a new position in Diageo in the 4th quarter valued at $1,308,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

DEO stock opened at $119.93 on Friday. Diageo plc has a 1-year low of $113.99 and a 1-year high of $154.71. The business has a 50-day moving average price of $122.93 and a 200 day moving average price of $127.34. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.

Wall Street Analysts Forecast Growth

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