Ervin Investment Management LLC Sells 320 Shares of Diageo plc (NYSE:DEO)

Ervin Investment Management LLC trimmed its holdings in shares of Diageo plc (NYSE:DEO) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,351 shares of the company’s stock after selling 320 shares during the period. Diageo comprises 0.5% of Ervin Investment Management LLC’s holdings, making the stock its 25th largest position. Ervin Investment Management LLC’s holdings in Diageo were worth $807,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group acquired a new position in Diageo during the third quarter valued at approximately $25,000. Eastern Bank raised its stake in shares of Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of Diageo in the 4th quarter valued at approximately $35,000. Concord Wealth Partners bought a new position in shares of Diageo in the third quarter valued at $38,000. Finally, Bruce G. Allen Investments LLC increased its holdings in Diageo by 1,395.0% during the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after buying an additional 279 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Up 1.2 %

Shares of DEO opened at $118.75 on Monday. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The firm’s 50 day moving average is $122.58 and its 200-day moving average is $127.90. Diageo plc has a 12 month low of $113.99 and a 12 month high of $154.71.

Analyst Upgrades and Downgrades

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

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.