Allen Mooney & Barnes Investment Advisors LLC Increases Position in Diageo plc (NYSE:DEO)

Allen Mooney & Barnes Investment Advisors LLC increased its position in Diageo plc (NYSE:DEO) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,877 shares of the company’s stock after acquiring an additional 1,161 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Diageo were worth $5,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. R.H. Investment Group LLC acquired a new position in shares of Diageo in the fourth quarter valued at about $2,754,000. Wynn Capital LLC increased its holdings in Diageo by 11.0% in the 4th quarter. Wynn Capital LLC now owns 3,777 shares of the company’s stock worth $480,000 after buying an additional 375 shares during the period. Fiduciary Financial Group LLC purchased a new position in Diageo during the 4th quarter worth approximately $240,000. Eastern Bank lifted its stake in Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after acquiring an additional 125 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Diageo by 0.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 118,712 shares of the company’s stock valued at $16,660,000 after acquiring an additional 346 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of NYSE DEO opened at $114.50 on Wednesday. The company has a market capitalization of $63.69 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 3.73 and a beta of 0.67. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The company’s fifty day moving average price is $122.77 and its 200 day moving average price is $128.09. Diageo plc has a 1 year low of $113.99 and a 1 year high of $154.71.

Analyst Ratings Changes

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