Diageo plc (NYSE:DEO) Shares Bought by Essex Savings Bank

Essex Savings Bank grew its position in Diageo plc (NYSE:DEO) by 8.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,609 shares of the company’s stock after purchasing an additional 213 shares during the period. Essex Savings Bank’s holdings in Diageo were worth $332,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of DEO. Bank of Montreal Can boosted its holdings in Diageo by 1,034.5% in the second quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock valued at $104,443,000 after purchasing an additional 729,166 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of Diageo by 105.7% in the third quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock worth $133,240,000 after buying an additional 487,904 shares during the last quarter. FMR LLC boosted its stake in shares of Diageo by 9.1% in the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock worth $735,671,000 after buying an additional 437,646 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Diageo by 416.0% during the second quarter. Hsbc Holdings PLC now owns 521,920 shares of the company’s stock worth $65,939,000 after acquiring an additional 420,778 shares during the period. Finally, Raymond James & Associates raised its position in Diageo by 52.3% during the third quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock valued at $119,800,000 after acquiring an additional 293,017 shares in the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Diageo Stock Performance

Shares of DEO stock opened at $117.21 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. Diageo plc has a 12-month low of $113.99 and a 12-month high of $154.71. The business’s 50 day moving average is $122.70 and its two-hundred day moving average is $128.01.

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.