Eastern Bank Has $31,000 Stock Holdings in Diageo plc (NYSE:DEO)

Eastern Bank increased its position in shares of Diageo plc (NYSE:DEO) by 107.8% in the fourth quarter, HoldingsChannel reports. The firm owned 241 shares of the company’s stock after purchasing an additional 125 shares during the period. Eastern Bank’s holdings in Diageo were worth $31,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Brooklyn Investment Group bought a new stake in Diageo during the third quarter worth about $25,000. Modus Advisors LLC acquired a new position in shares of Diageo in the 4th quarter worth approximately $35,000. Concord Wealth Partners bought a new stake in Diageo during the 3rd quarter worth approximately $38,000. Bruce G. Allen Investments LLC increased its holdings in Diageo by 1,395.0% during 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 in the last quarter. Finally, Davis Capital Management acquired a new position in Diageo in the third quarter worth $55,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analysts Set New Price Targets

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

Diageo Price Performance

Diageo stock opened at $116.13 on Thursday. The business’s 50-day simple moving average is $122.77 and its 200 day simple moving average is $128.09. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The stock has a market cap of $64.60 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 3.73 and a beta of 0.67. Diageo plc has a 12-month low of $113.99 and a 12-month high of $154.71.

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.