Arlington Partners LLC Has $427,000 Stock Holdings in Diageo plc (NYSE:DEO)

Arlington Partners LLC decreased its holdings in shares of Diageo plc (NYSE:DEO) by 89.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,356 shares of the company’s stock after selling 27,776 shares during the period. Arlington Partners LLC’s holdings in Diageo were worth $427,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in Diageo during the third quarter worth $25,000. Eastern Bank raised its holdings in Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after buying an additional 125 shares during the last quarter. Modus Advisors LLC acquired a new position in Diageo during the fourth quarter worth $35,000. Concord Wealth Partners acquired a new position in Diageo during the third quarter worth $38,000. Finally, Heck Capital Advisors LLC acquired a new position in Diageo during the fourth quarter worth $47,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analysts Set New Price Targets

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

Diageo Trading Down 1.3 %

Shares of DEO stock opened at $110.36 on Monday. The firm has a 50-day moving average of $122.35 and a 200-day moving average of $126.77. The company has a current ratio of 1.60, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. Diageo plc has a one year low of $110.18 and a one 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.