Pinnacle Bancorp Inc. Boosts Stock Position in Diageo plc (NYSE:DEO)

Pinnacle Bancorp Inc. raised its position in Diageo plc (NYSE:DEO) by 16.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,038 shares of the company’s stock after purchasing an additional 146 shares during the period. Pinnacle Bancorp Inc.’s holdings in Diageo were worth $132,000 at the end of the most recent reporting period.

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

Diageo Stock Performance

DEO stock opened at $117.21 on Friday. 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 50-day moving average price of $122.70 and a two-hundred day moving average price of $128.01. Diageo plc has a 12-month low of $113.99 and a 12-month high of $154.71.

Wall Street Analyst Weigh In

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

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.