AMG National Trust Bank Invests $212,000 in Diageo plc (NYSE:DEO)

AMG National Trust Bank acquired a new stake in Diageo plc (NYSE:DEO – Get Rating) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,247 shares of the company’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DEO. Pinnacle Holdings LLC purchased a new stake in shares of Diageo during the first quarter worth about $33,000. Heritage Financial Services LLC purchased a new stake in shares of Diageo during the second quarter worth about $34,000. Hexagon Capital Partners LLC grew its holdings in shares of Diageo by 206.2% during the second quarter. Hexagon Capital Partners LLC now owns 199 shares of the company’s stock worth $35,000 after buying an additional 134 shares in the last quarter. Bogart Wealth LLC grew its holdings in shares of Diageo by 10,000.0% during the second quarter. Bogart Wealth LLC now owns 202 shares of the company’s stock worth $35,000 after buying an additional 200 shares in the last quarter. Finally, Castleview Partners LLC grew its holdings in shares of Diageo by 17,311.4% during the second quarter. Castleview Partners LLC now owns 6,094 shares of the company’s stock worth $35,000 after buying an additional 6,059 shares in the last quarter. Institutional investors and hedge funds own 9.04% of the company’s stock.

Diageo Stock Performance

DEO stock opened at $184.30 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 0.69 and a debt-to-equity ratio of 1.60. Diageo plc has a 1-year low of $160.09 and a 1-year high of $212.33. The firm has a fifty day moving average price of $182.32 and a two-hundred day moving average price of $178.06.

Analysts Set New Price Targets

A number of brokerages have recently commented on DEO. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Diageo from GBX 3,160 ($39.12) to GBX 2,750 ($34.05) in a report on Thursday, January 12th. JPMorgan Chase & Co. boosted their price objective on shares of Diageo from GBX 4,350 ($53.86) to GBX 4,500 ($55.71) in a research note on Thursday, December 1st. Morgan Stanley downgraded shares of Diageo from an “overweight” rating to an “equal weight” rating in a research note on Friday, January 6th. UBS Group downgraded shares of Diageo from a “buy” rating to a “neutral” rating in a research note on Thursday, January 12th. Finally, Erste Group Bank downgraded shares of Diageo from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $4,113.33.

Diageo Profile

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Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.