Blue Trust Inc. Acquires 1,031 Shares of Diageo plc (NYSE:DEO)

Blue Trust Inc. lifted its holdings in Diageo plc (NYSE:DEO) by 21.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,888 shares of the company’s stock after purchasing an additional 1,031 shares during the quarter. Blue Trust Inc.’s holdings in Diageo were worth $826,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DEO. Brooklyn Investment Group bought a new stake in Diageo during the third quarter worth about $25,000. Eastern Bank increased its position in Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after buying an additional 125 shares during the last quarter. Concord Wealth Partners bought a new stake in Diageo in the third quarter valued at approximately $38,000. Modus Advisors LLC acquired a new stake in shares of Diageo in the fourth quarter valued at approximately $35,000. Finally, Bruce G. Allen Investments LLC boosted its stake in shares of Diageo by 1,395.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after acquiring an additional 279 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

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

Diageo Stock Performance

Diageo stock opened at $120.67 on Thursday. The stock’s fifty day moving average price is $122.84 and its two-hundred day moving average price is $127.50. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo plc has a one year low of $113.99 and a one year 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.