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

Cyndeo Wealth Partners LLC reduced its position in shares of Diageo plc (NYSE:DEO) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,319 shares of the company’s stock after selling 104 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Diageo were worth $295,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in shares of Diageo during the third quarter worth approximately $25,000. Eastern Bank boosted its stake in 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 last quarter. Concord Wealth Partners purchased a new stake in shares of Diageo during the third quarter worth $38,000. Modus Advisors LLC acquired a new stake in shares of Diageo in the fourth quarter valued at about $35,000. Finally, Bruce G. Allen Investments LLC lifted its stake 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 worth $42,000 after buying an additional 279 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Up 4.7 %

NYSE:DEO opened at $124.53 on Monday. 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 fifty-two week low of $113.99 and a fifty-two week high of $154.71. The company has a 50 day moving average price of $122.62 and a 200 day moving average price of $127.61.

Analyst Ratings Changes

Several analysts recently issued reports on DEO shares. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research note 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 research report on Wednesday, January 8th. Finally, UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Diageo currently has a consensus rating of “Hold” and an average 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.