Brooklyn Investment Group Grows Stake in Diageo plc (NYSE:DEO)

Brooklyn Investment Group increased its position in Diageo plc (NYSE:DEO) by 116.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 384 shares of the company’s stock after acquiring an additional 207 shares during the period. Brooklyn Investment Group’s holdings in Diageo were worth $49,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Eastern Bank increased its position in shares of Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the last quarter. Modus Advisors LLC purchased a new stake in Diageo during the fourth quarter valued at approximately $35,000. Concord Wealth Partners purchased a new stake in Diageo during the third quarter valued at approximately $38,000. Bruce G. Allen Investments LLC raised its position in Diageo by 1,395.0% in the third 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. Finally, Davis Capital Management purchased a new position in shares of Diageo during the 3rd quarter worth $55,000. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Up 1.2 %

NYSE:DEO opened at $118.75 on Monday. The business’s 50-day simple moving average is $122.58 and its two-hundred day simple moving average is $127.90. Diageo plc has a 52 week low of $113.99 and a 52 week high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DEO. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Finally, TD Cowen lifted their price objective on 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 assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company 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.