Diageo plc (NYSE:DEO) Shares Purchased by Entropy Technologies LP

Key Points

• Entropy Technologies LP significantly increased its stake in Diageo plc by 123.6%, acquiring a total of 13,997 shares worth approximately $1.47 million.
• Institutional investors and hedge funds collectively own 8.97% of Diageo's stock, with several firms, including Orion Capital Management and BNP Paribas, establishing new positions in the fourth quarter.
• The stock currently holds an average rating of "Hold" with a price target of $129.00, and recent ratings adjustments include an upgrade from Goldman Sachs from "sell" to "neutral."

Entropy Technologies LP increased its holdings in shares of Diageo plc (NYSE:DEO - Free Report) by 123.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,997 shares of the company's stock after acquiring an additional 7,738 shares during the period. Entropy Technologies LP's holdings in Diageo were worth $1,467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Orion Capital Management LLC acquired a new stake in Diageo in the fourth quarter valued at $25,000. Perkins Coie Trust Co acquired a new stake in Diageo in the first quarter valued at $27,000. Barrett & Company Inc. acquired a new stake in Diageo in the first quarter valued at $27,000. Abound Financial LLC acquired a new stake in Diageo in the first quarter valued at $27,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Diageo in the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 8.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DEO shares. Morgan Stanley restated an "underweight" rating on shares of Diageo in a report on Monday, May 12th. The Goldman Sachs Group upgraded Diageo from a "sell" rating to a "neutral" rating in a report on Thursday, August 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $129.00.

Diageo Price Performance

Shares of NYSE:DEO traded up $0.33 during midday trading on Friday, hitting $111.04. 385,964 shares of the stock were exchanged, compared to its average volume of 1,112,878. The stock has a market cap of $61.77 billion, a P/E ratio of 16.17, a PEG ratio of 3.34 and a beta of 0.53. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. Diageo plc has a twelve month low of $96.45 and a twelve month high of $142.73. The company has a 50 day moving average price of $104.15 and a 200-day moving average price of $108.07.

About Diageo

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.