Diageo plc (NYSE:DEO) Stock Position Raised by Beacon Financial Group

Beacon Financial Group lifted its position in Diageo plc (NYSE:DEO) by 112.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC lifted its position in Diageo by 1.1% in the 3rd quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock worth $1,143,000 after buying an additional 85 shares in the last quarter. Alliance Wealth Advisors LLC UT lifted its position in Diageo by 2.6% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock worth $430,000 after buying an additional 86 shares in the last quarter. Savant Capital LLC lifted its position in Diageo by 5.0% in the 4th quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock worth $237,000 after buying an additional 88 shares in the last quarter. Diversified Trust Co lifted its position in Diageo by 5.6% in the 4th quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock worth $236,000 after buying an additional 98 shares in the last quarter. Finally, Malaga Cove Capital LLC lifted its position in Diageo by 3.4% in the 3rd quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock worth $421,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

NYSE:DEO opened at $106.34 on Thursday. Diageo plc has a 1 year low of $105.72 and a 1 year high of $154.71. The firm’s fifty day simple moving average is $121.91 and its 200 day simple moving average is $126.42. The company has a current ratio of 1.60, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report 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 increased 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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.