Diageo plc (NYSE:DEO) Shares Acquired by Beacon Financial Group

Beacon Financial Group increased its holdings in shares of Diageo plc (NYSE:DEO) by 112.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,050 shares of the company’s stock after acquiring an additional 3,735 shares during the quarter. Beacon Financial Group’s holdings in Diageo were worth $896,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DEO. Brooklyn Investment Group acquired a new stake in Diageo during the third quarter worth about $25,000. Eastern Bank raised its stake in Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares during the period. Modus Advisors LLC acquired a new stake in Diageo during the fourth quarter worth about $35,000. Concord Wealth Partners acquired a new stake in Diageo during the third quarter worth about $38,000. Finally, Heck Capital Advisors LLC acquired a new stake in Diageo during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Performance

NYSE DEO opened at $106.34 on Thursday. Diageo plc has a 52 week low of $105.72 and a 52 week high of $154.71. 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 company has a 50-day moving average price of $121.91 and a two-hundred day moving average price of $126.42.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DEO shares. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, TD Cowen upped their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.