Townsend & Associates Inc bought a new position in Diageo plc (NYSE:DEO - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 94,826 shares of the company's stock, valued at approximately $12,725,000.
Other large investors have also recently modified their holdings of the company. Beacon Capital Management LLC grew its position in Diageo by 777.3% during the first quarter. Beacon Capital Management LLC now owns 193 shares of the company's stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in Diageo during the 2nd quarter valued at about $25,000. Triad Wealth Partners LLC purchased a new stake in shares of Diageo in the second quarter worth $25,000. Concord Wealth Partners bought a new stake in Diageo during the 3rd quarter valued at about $38,000. Finally, Bruce G. Allen Investments LLC raised its holdings in Diageo by 1,395.0% in the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company's stock worth $42,000 after buying an additional 279 shares during the last quarter. Institutional investors own 8.97% of the company's stock.
Diageo Stock Down 1.1 %
DEO traded down $1.32 on Friday, reaching $120.43. 768,232 shares of the stock were exchanged, compared to its average volume of 584,538. The company's 50-day moving average price is $132.52 and its 200 day moving average price is $132.49. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo plc has a fifty-two week low of $118.35 and a fifty-two week high of $161.64.
Wall Street Analyst Weigh In
A number of research firms have weighed in on DEO. The Goldman Sachs Group downgraded Diageo from a "neutral" rating to a "sell" rating in a report on Friday, July 12th. Bank of America raised shares of Diageo from a "neutral" rating to a "buy" rating in a research note on Thursday, September 12th. Finally, Royal Bank of Canada raised Diageo from an "underperform" rating to a "sector perform" rating in a research report on Monday, August 12th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Diageo currently has an average rating of "Hold".
Read Our Latest Report on Diageo
About Diageo
(
Free Report)
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.
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