William Allan Corp Sells 163 Shares of Diageo plc (NYSE:DEO)

William Allan Corp lowered its stake in shares of Diageo plc (NYSE:DEO) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,694 shares of the company’s stock after selling 163 shares during the period. William Allan Corp’s holdings in Diageo were worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of DEO. Brooklyn Investment Group bought a new stake in Diageo in the 3rd quarter valued at $25,000. Eastern Bank grew its position in shares of Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. Modus Advisors LLC bought a new stake in shares of Diageo in the fourth quarter worth about $35,000. Concord Wealth Partners purchased a new stake in shares of Diageo in the third quarter worth about $38,000. Finally, Bruce G. Allen Investments LLC boosted 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 valued at $42,000 after buying an additional 279 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

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

Diageo Stock Up 0.3 %

NYSE:DEO opened at $111.80 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The business has a 50 day simple moving average of $122.67 and a 200-day simple moving average of $127.02. Diageo plc has a 1 year low of $111.25 and a 1 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.