Anchor Investment Management LLC Has $215,000 Position in Diageo plc (NYSE:DEO)

Anchor Investment Management LLC increased its stake in shares of Diageo plc (NYSE:DEO) by 71.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,533 shares of the company’s stock after purchasing an additional 640 shares during the quarter. Anchor Investment Management LLC’s holdings in Diageo were worth $215,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Triad Wealth Partners LLC acquired a new position in shares of Diageo during the second quarter worth $25,000. 1620 Investment Advisors Inc. bought a new stake in Diageo during the 2nd quarter worth $25,000. Brooklyn Investment Group acquired a new position in Diageo in the 3rd quarter worth about $25,000. Concord Wealth Partners bought a new position in Diageo in the third quarter valued at about $38,000. Finally, Bruce G. Allen Investments LLC boosted its stake 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 valued at $42,000 after purchasing an additional 279 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Up 1.7 %

Shares of DEO stock opened at $131.49 on Friday. The business’s 50 day simple moving average is $126.19 and its 200 day simple moving average is $129.26. Diageo plc has a one year low of $117.72 and a one year high of $154.71. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Finally, Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, 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.