Oliver Luxxe Assets LLC Buys New Stake in Diageo plc (NYSE:DEO)

Oliver Luxxe Assets LLC bought a new position in shares of Diageo plc (NYSE:DEO) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 15,977 shares of the company’s stock, valued at approximately $2,031,000.

Other hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in Diageo in the 3rd quarter valued at $25,000. Eastern Bank increased its stake 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 acquiring an additional 125 shares during the period. Modus Advisors LLC bought a new position in Diageo in the fourth quarter worth $35,000. Concord Wealth Partners acquired a new stake in Diageo during the third quarter worth $38,000. Finally, Bruce G. Allen Investments LLC increased its holdings in Diageo by 1,395.0% in the 3rd 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 period. 8.97% of the stock is currently owned by institutional investors.

Diageo Trading Up 1.2 %

Shares of Diageo stock opened at $119.02 on Friday. Diageo plc has a 12-month low of $113.99 and a 12-month high of $154.71. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The company has a 50-day simple moving average of $122.51 and a 200 day simple moving average of $127.68.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DEO shares. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. TD Cowen raised their price target on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Finally, UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. One research 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $129.00.

About Diageo

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.