GHP Investment Advisors Inc. Has $84,000 Position in Diageo plc (NYSE:DEO)

GHP Investment Advisors Inc. cut its stake in Diageo plc (NYSE:DEO) by 19.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 657 shares of the company’s stock after selling 160 shares during the period. GHP Investment Advisors Inc.’s holdings in Diageo were worth $84,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Brooklyn Investment Group bought a new stake in Diageo in the third quarter valued at approximately $25,000. Eastern Bank boosted its position 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 in the last quarter. Modus Advisors LLC acquired a new position in shares of Diageo in the 4th quarter valued at $35,000. Concord Wealth Partners bought a new stake in shares of Diageo in the 3rd quarter valued at $38,000. Finally, Bruce G. Allen Investments LLC raised its stake in Diageo by 1,395.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after buying an additional 279 shares during the period. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Diageo Stock Performance

DEO opened at $110.36 on Friday. The company has a market capitalization of $61.39 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 4.06 and a beta of 0.66. The business’s 50-day moving average price is $122.53 and its two-hundred day moving average price is $126.91. Diageo plc has a 1 year low of $110.18 and a 1 year high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

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.