279 Shares in Diageo plc (NYSE:DEO) Bought by Modus Advisors LLC

Modus Advisors LLC bought a new stake in Diageo plc (NYSE:DEO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 279 shares of the company’s stock, valued at approximately $35,000.

Other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in Diageo during the 3rd quarter worth approximately $25,000. Concord Wealth Partners bought a new stake in shares of Diageo during the third quarter worth $38,000. Bruce G. Allen Investments LLC raised its holdings in shares of Diageo by 1,395.0% during the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after acquiring an additional 279 shares during the period. Davis Capital Management bought a new stake in Diageo in the 3rd quarter valued at $55,000. Finally, Maryland Capital Advisors Inc. acquired a new position in Diageo in the 3rd quarter worth $56,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Down 3.8 %

DEO opened at $121.38 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The business’s 50-day simple moving average is $123.74 and its 200 day simple moving average is $128.57. Diageo plc has a 52-week low of $117.72 and a 52-week high of $154.71.

Analyst Upgrades and Downgrades

DEO has been the topic of a number of research reports. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.