Kentucky Trust Co Purchases Shares of 650 Diageo plc (NYSE:DEO)

Kentucky Trust Co acquired a new stake in shares of Diageo plc (NYSE:DEO) during the fourth quarter, Holdings Channel.com reports. The fund acquired 650 shares of the company’s stock, valued at approximately $83,000.

Other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in shares of Diageo during the third quarter valued at approximately $25,000. Eastern Bank raised its stake in shares of Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the period. Concord Wealth Partners purchased a new stake in shares of Diageo during the third quarter valued at approximately $38,000. Modus Advisors LLC purchased a new stake in shares of Diageo during the fourth quarter valued at approximately $35,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Diageo during the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Trading Down 1.7 %

Shares of NYSE:DEO opened at $106.34 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.60. The company has a fifty day simple moving average of $121.91 and a 200 day simple moving average of $126.42. Diageo plc has a 12-month low of $105.72 and a 12-month high of $154.71.

Analyst Ratings Changes

A number of 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 research note on Thursday, December 5th. TD Cowen lifted their price target on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Finally, UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. One investment 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.com, Diageo has an average rating of “Hold” and a consensus price target 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.