Great Valley Advisor Group Inc. Boosts Stock Holdings in Diageo plc (NYSE:DEO)

Great Valley Advisor Group Inc. increased its stake in Diageo plc (NYSE:DEO) by 9.4% during the 4th quarter, Holdings Channel reports. The fund owned 1,735 shares of the company’s stock after purchasing an additional 149 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Diageo were worth $253,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Planned Solutions Inc. acquired a new stake in Diageo in the 4th quarter valued at about $27,000. Addison Advisors LLC increased its stake in shares of Diageo by 97.3% during the fourth quarter. Addison Advisors LLC now owns 217 shares of the company’s stock worth $32,000 after buying an additional 107 shares during the period. Criterion Capital Advisors LLC acquired a new stake in Diageo in the fourth quarter valued at approximately $36,000. First Command Advisory Services Inc. purchased a new position in Diageo in the third quarter worth approximately $48,000. Finally, Carmel Capital Partners LLC acquired a new position in Diageo during the 3rd quarter worth approximately $49,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Price Performance

Shares of Diageo stock opened at $137.18 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73. Diageo plc has a 52 week low of $135.63 and a 52 week high of $188.11. The firm’s 50 day moving average is $144.70 and its two-hundred day moving average is $145.40.

Analyst Ratings Changes

Separately, BNP Paribas lowered shares of Diageo from a “neutral” rating to an “underperform” rating in a report on Friday, January 12th. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $3,797.50.

Diageo Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.