Cyndeo Wealth Partners LLC Reduces Stock Position in Diageo plc (NYSE:DEO)

Cyndeo Wealth Partners LLC trimmed its position in Diageo plc (NYSE:DEO) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,319 shares of the company’s stock after selling 104 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Diageo were worth $295,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DEO. Brooklyn Investment Group purchased a new position in Diageo during the 3rd quarter worth approximately $25,000. Eastern Bank raised its holdings in shares of Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares during the last quarter. Concord Wealth Partners purchased a new position in shares of Diageo during the third quarter worth $38,000. Modus Advisors LLC acquired a new position in Diageo during the fourth quarter valued at $35,000. Finally, Bruce G. Allen Investments LLC boosted its holdings 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 purchasing an additional 279 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of Diageo stock opened at $124.53 on Monday. Diageo plc has a twelve month low of $113.99 and a twelve month high of $154.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The business has a 50-day moving average price of $122.62 and a 200 day moving average price of $127.61.

Analysts Set New Price Targets

A number of research firms have weighed in on DEO. TD Cowen lifted their price objective on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. One 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 MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.