Kentucky Trust Co Invests $83,000 in Diageo plc (NYSE:DEO)

Kentucky Trust Co purchased a new position in shares of Diageo plc (NYSE:DEO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 650 shares of the company’s stock, valued at approximately $83,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DEO. Brooklyn Investment Group acquired a new stake in shares of Diageo in the third quarter worth approximately $25,000. Eastern Bank boosted its position in shares of Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of Diageo in the fourth quarter worth approximately $35,000. Concord Wealth Partners acquired a new stake in shares of Diageo in the third quarter worth approximately $38,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Diageo in the fourth quarter worth approximately $47,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Diageo Stock Down 1.7 %

Shares of DEO stock opened at $106.34 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. Diageo plc has a fifty-two week low of $105.72 and a fifty-two week high of $154.71. The firm’s 50 day moving average price is $121.91 and its two-hundred day moving average price is $126.42.

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.