GSB Wealth Management LLC Purchases 681 Shares of Diageo plc (NYSE:DEO)

GSB Wealth Management LLC increased its position in shares of Diageo plc (NYSE:DEO) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,122 shares of the company’s stock after purchasing an additional 681 shares during the period. GSB Wealth Management LLC’s holdings in Diageo were worth $1,160,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Citigroup Inc. increased its position in shares of Diageo by 4.4% during the third quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock valued at $22,234,000 after purchasing an additional 6,617 shares during the period. Canoe Financial LP grew its position in Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after acquiring an additional 8,104,301 shares during the period. BNP Paribas Financial Markets grew its position in Diageo by 32.8% in the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after acquiring an additional 16,285 shares during the period. FMR LLC grew its position in Diageo by 9.1% in the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after acquiring an additional 437,646 shares during the period. Finally, Premier Path Wealth Partners LLC bought a new stake in Diageo in the fourth quarter valued at $1,308,000. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Performance

Shares of DEO opened at $124.53 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. Diageo plc has a 12-month low of $113.99 and a 12-month high of $154.71. The stock’s fifty day simple moving average is $122.62 and its 200-day simple moving average is $127.60.

Analysts Set New Price Targets

Several brokerages have recently commented on DEO. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen increased their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average 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.