Diageo plc (NYSE:DEO) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC reduced its position in shares of Diageo plc (NYSE:DEO) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,295 shares of the company’s stock after selling 137 shares during the period. Daymark Wealth Partners LLC’s holdings in Diageo were worth $1,182,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in shares of Diageo during the 3rd quarter valued at approximately $25,000. Eastern Bank increased its stake in Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares during the last quarter. Concord Wealth Partners acquired a new position in shares of Diageo in the 3rd quarter valued at $38,000. Modus Advisors LLC acquired a new position in shares of Diageo in the 4th quarter valued at $35,000. Finally, Bruce G. Allen Investments LLC increased its position 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 purchasing an additional 279 shares during the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DEO shares. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen lifted their target price on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Diageo presently has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo Price Performance

Shares of NYSE:DEO opened at $117.64 on Thursday. Diageo plc has a 1 year low of $113.99 and a 1 year high of $154.71. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The firm’s 50-day moving average is $122.54 and its two-hundred day moving average is $127.76.

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.