Modus Advisors LLC Invests $35,000 in Diageo plc (NYSE:DEO)

Modus Advisors LLC bought a new stake in Diageo plc (NYSE:DEO) in the 4th quarter, Holdings Channel.com reports. The firm bought 279 shares of the company’s stock, valued at approximately $35,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lantz Financial LLC boosted its stake in shares of Diageo by 24.7% during the 2nd quarter. Lantz Financial LLC now owns 11,704 shares of the company’s stock worth $1,476,000 after acquiring an additional 2,318 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Diageo by 24.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,680 shares of the company’s stock worth $212,000 after purchasing an additional 330 shares during the period. Rhumbline Advisers increased its holdings in shares of Diageo by 3.1% in the second quarter. Rhumbline Advisers now owns 5,822 shares of the company’s stock valued at $734,000 after purchasing an additional 174 shares during the last quarter. Foundations Investment Advisors LLC raised its position in shares of Diageo by 26.0% in the second quarter. Foundations Investment Advisors LLC now owns 7,060 shares of the company’s stock valued at $890,000 after purchasing an additional 1,458 shares during the period. Finally, Nicholas Hoffman & Company LLC. lifted its stake in shares of Diageo by 8.3% during the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 2,395 shares of the company’s stock worth $302,000 after buying an additional 183 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Trading Down 3.8 %

Shares of NYSE:DEO opened at $121.38 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo plc has a 12-month low of $117.72 and a 12-month high of $154.71. The company’s 50 day moving average price is $123.74 and its two-hundred day moving average price is $128.57.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DEO shares. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

About Diageo

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.