Diageo plc (NYSE:DEO) Shares Bought by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC increased its holdings in Diageo plc (NYSE:DEO) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,247 shares of the company’s stock after acquiring an additional 295 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in Diageo were worth $413,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of DEO. Brooklyn Investment Group acquired a new position in Diageo in the third quarter worth about $25,000. Eastern Bank increased its holdings in shares of Diageo by 107.8% in the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after acquiring an additional 125 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of Diageo in the 4th quarter valued at approximately $35,000. Concord Wealth Partners acquired a new stake in shares of Diageo during the 3rd quarter valued at approximately $38,000. Finally, Bruce G. Allen Investments LLC lifted its stake 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 during the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Diageo Stock Down 2.3 %

DEO stock opened at $120.67 on Thursday. Diageo plc has a one year low of $113.99 and a one year high of $154.71. The firm has a 50-day moving average of $122.84 and a two-hundred day moving average of $127.50. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

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.