Aaron Wealth Advisors LLC Boosts Holdings in Diageo plc (NYSE:DEO)

Aaron Wealth Advisors LLC raised its stake in shares of Diageo plc (NYSE:DEO) by 13.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,235 shares of the company’s stock after buying an additional 378 shares during the period. Aaron Wealth Advisors LLC’s holdings in Diageo were worth $411,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Brooklyn Investment Group purchased a new position in Diageo during the third quarter valued at approximately $25,000. Eastern Bank grew its stake in shares of Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares during the period. Concord Wealth Partners purchased a new position in shares of Diageo during the 3rd quarter valued at approximately $38,000. Modus Advisors LLC purchased a new position in shares of Diageo during the 4th quarter valued at approximately $35,000. Finally, Bruce G. Allen Investments LLC lifted its stake in shares of Diageo by 1,395.0% in the 3rd 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. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

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

Diageo Stock Up 1.2 %

DEO opened at $118.75 on Monday. The firm’s fifty day simple moving average is $122.58 and its two-hundred day simple moving average is $127.90. Diageo plc has a 52-week low of $113.99 and a 52-week high of $154.71. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

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.