Entropy Technologies LP Boosts Holdings in Diageo plc $DEO

Entropy Technologies LP increased its stake in shares of Diageo plc (NYSE:DEO) by 81.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,808 shares of the company’s stock after acquiring an additional 19,202 shares during the quarter. Entropy Technologies LP’s holdings in Diageo were worth $4,085,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC acquired a new position in Diageo in the second quarter valued at $26,000. Arlington Trust Co LLC increased its position in shares of Diageo by 3,885.7% during the third quarter. Arlington Trust Co LLC now owns 279 shares of the company’s stock worth $27,000 after purchasing an additional 272 shares in the last quarter. Bell Investment Advisors Inc increased its position in shares of Diageo by 94.7% during the second quarter. Bell Investment Advisors Inc now owns 292 shares of the company’s stock worth $29,000 after purchasing an additional 142 shares in the last quarter. New England Capital Financial Advisors LLC purchased a new stake in shares of Diageo in the 3rd quarter valued at about $29,000. Finally, HHM Wealth Advisors LLC lifted its holdings in shares of Diageo by 76.5% in the 2nd quarter. HHM Wealth Advisors LLC now owns 330 shares of the company’s stock valued at $33,000 after purchasing an additional 143 shares during the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Down 3.6%

DEO opened at $76.78 on Friday. The business has a 50 day moving average price of $90.75 and a two-hundred day moving average price of $93.69. The company has a quick ratio of 0.71, a current ratio of 1.60 and a debt-to-equity ratio of 1.53. Diageo plc has a 52 week low of $75.77 and a 52 week high of $116.69.

Analyst Upgrades and Downgrades

DEO has been the topic of a number of research reports. Argus upgraded Diageo to a “hold” rating in a research note on Tuesday. HSBC cut Diageo from a “buy” rating to a “hold” rating in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Diageo in a research report on Friday, November 28th. UBS Group reaffirmed a “neutral” rating on shares of Diageo in a report on Wednesday, December 3rd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a research report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Diageo presently has an average rating of “Hold” and an average price target of $116.50.

Diageo Company Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.