Eastern Bank Buys 125 Shares of Diageo plc (NYSE:DEO)

Eastern Bank grew its position in Diageo plc (NYSE:DEO) by 107.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 241 shares of the company’s stock after purchasing an additional 125 shares during the quarter. Eastern Bank’s holdings in Diageo were worth $31,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its position in Diageo by 0.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 118,712 shares of the company’s stock worth $16,660,000 after buying an additional 346 shares during the period. First Hawaiian Bank grew its stake in shares of Diageo by 24.6% in the fourth quarter. First Hawaiian Bank now owns 5,407 shares of the company’s stock worth $687,000 after acquiring an additional 1,069 shares during the last quarter. Diversified Trust Co increased its position in Diageo by 5.6% during the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock worth $236,000 after acquiring an additional 98 shares during the period. Canandaigua National Trust Co of Florida acquired a new position in Diageo during the 4th quarter valued at $269,000. Finally, Oliver Luxxe Assets LLC bought a new stake in Diageo in the 4th quarter valued at $2,031,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Performance

NYSE:DEO opened at $116.13 on Thursday. The firm has a market capitalization of $64.60 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 3.73 and a beta of 0.67. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. Diageo plc has a 12-month low of $113.99 and a 12-month high of $154.71. The firm has a 50-day moving average price of $122.77 and a 200 day moving average price of $128.09.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DEO. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. TD Cowen upped their price target on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, UBS Group raised 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 issued a buy rating to the stock. According to data from MarketBeat.com, Diageo presently has an average rating of “Hold” and a consensus price target 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.