Avity Investment Management Inc. Has $552,000 Stock Holdings in Diageo plc (NYSE:DEO)

Avity Investment Management Inc. lowered its position in shares of Diageo plc (NYSE:DEO) by 33.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,340 shares of the company’s stock after selling 2,160 shares during the quarter. Avity Investment Management Inc.’s holdings in Diageo were worth $552,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group bought a new position in shares of Diageo during the third quarter worth $25,000. Eastern Bank raised its stake in Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after buying an additional 125 shares during the period. Modus Advisors LLC acquired a new stake in Diageo during the 4th quarter worth $35,000. Concord Wealth Partners bought a new position in Diageo during the third quarter worth about $38,000. Finally, Bruce G. Allen Investments LLC grew its stake in Diageo by 1,395.0% in the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock valued at $42,000 after acquiring an additional 279 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Down 1.9 %

DEO stock opened at $114.50 on Wednesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. The stock has a market capitalization of $63.69 billion, a P/E ratio of 15.49, a P/E/G ratio of 3.73 and a beta of 0.67. Diageo plc has a fifty-two week low of $113.99 and a fifty-two week high of $154.71. The business has a 50-day moving average of $122.77 and a 200-day moving average of $128.09.

Analyst Upgrades and Downgrades

DEO has been the topic of a number of research analyst reports. UBS Group raised 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 upped their price target 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 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. According to MarketBeat, the stock has an average rating of “Hold” and an average price target 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.