RDA Financial Network Reduces Stock Position in Diageo plc (NYSE:DEO)

RDA Financial Network decreased its holdings in Diageo plc (NYSE:DEO) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,652 shares of the company’s stock after selling 182 shares during the period. RDA Financial Network’s holdings in Diageo were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group purchased a new position in Diageo in the 3rd quarter worth about $25,000. Eastern Bank grew its stake in 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 in the last quarter. Modus Advisors LLC purchased a new position in shares of Diageo during the fourth quarter worth approximately $35,000. Concord Wealth Partners purchased a new position in shares of Diageo during the third quarter worth approximately $38,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in shares of Diageo by 1,395.0% in the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock valued at $42,000 after purchasing an additional 279 shares during the period. 8.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Diageo Stock Performance

Shares of NYSE:DEO opened at $118.75 on Friday. 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 moving average of $122.61 and a 200 day moving average of $127.93. Diageo plc has a 52 week low of $113.99 and a 52 week high of $154.71.

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.