Bleakley Financial Group LLC Cuts Position in Diageo plc (NYSE:DEO)

Bleakley Financial Group LLC trimmed its holdings in shares of Diageo plc (NYSE:DEO) by 2.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,311 shares of the company’s stock after selling 324 shares during the period. Bleakley Financial Group LLC’s holdings in Diageo were worth $1,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in DEO. Brooklyn Investment Group purchased a new position in shares of Diageo during the third quarter worth about $25,000. Eastern Bank lifted its stake in shares of Diageo by 107.8% in the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares during the period. Concord Wealth Partners purchased a new stake in shares of Diageo in the third quarter valued at about $38,000. Modus Advisors LLC acquired a new position in shares of Diageo during the fourth quarter worth about $35,000. Finally, Bruce G. Allen Investments LLC raised 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 purchasing an additional 279 shares in the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Diageo Trading Down 1.3 %

Shares of DEO opened at $110.36 on Friday. Diageo plc has a 1-year low of $110.18 and a 1-year high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. The firm has a 50 day simple moving average of $122.53 and a 200-day simple moving average of $126.91. The stock has a market cap of $61.39 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 4.06 and a beta of 0.66.

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.