Banco Santander S.A. raised its holdings in Diageo plc (NYSE:DEO - Free Report) by 45.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,619 shares of the company's stock after buying an additional 10,183 shares during the period. Banco Santander S.A.'s holdings in Diageo were worth $4,578,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC purchased a new stake in shares of Diageo during the 2nd quarter worth $25,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Diageo during the 2nd quarter worth $25,000. Beacon Capital Management LLC lifted its position in shares of Diageo by 777.3% during the 1st quarter. Beacon Capital Management LLC now owns 193 shares of the company's stock worth $29,000 after purchasing an additional 171 shares during the last quarter. Concord Wealth Partners purchased a new stake in shares of Diageo during the 3rd quarter worth $38,000. Finally, Bruce G. Allen Investments LLC lifted its position in shares of Diageo by 1,395.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company's stock worth $42,000 after purchasing an additional 279 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company's stock.
Diageo Stock Performance
NYSE DEO traded up $1.97 during trading on Friday, reaching $120.07. The company's stock had a trading volume of 1,233,727 shares, compared to its average volume of 763,988. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The firm has a market cap of $66.79 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 3.40 and a beta of 0.71. Diageo plc has a twelve month low of $117.72 and a twelve month high of $154.71. The business's fifty day moving average price is $130.48 and its 200-day moving average price is $131.17.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the stock. Royal Bank of Canada upgraded shares of Diageo from an "underperform" rating to a "sector perform" rating in a research note on Monday, August 12th. Bank of America upgraded shares of Diageo from a "neutral" rating to a "buy" rating in a research note on Thursday, September 12th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold".
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About Diageo
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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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