Citigroup Inc. boosted its holdings in Diageo plc (NYSE:DEO - Free Report) by 4.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 158,428 shares of the company's stock after buying an additional 6,617 shares during the period. Citigroup Inc.'s holdings in Diageo were worth $22,234,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Triad Wealth Partners LLC purchased a new position in Diageo in the second quarter valued at approximately $25,000. 1620 Investment Advisors Inc. purchased a new position in Diageo in the second quarter valued at approximately $25,000. Beacon Capital Management LLC raised its holdings in Diageo by 777.3% in the first quarter. Beacon Capital Management LLC now owns 193 shares of the company's stock valued at $29,000 after buying an additional 171 shares during the period. Concord Wealth Partners purchased a new position in Diageo in the third quarter valued at approximately $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 valued at $42,000 after buying an additional 279 shares during the period. Hedge funds and other institutional investors own 8.97% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports 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 assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Diageo has an average rating of "Hold".
Check Out Our Latest Stock Analysis on Diageo
Diageo Stock Performance
Diageo stock opened at $118.72 on Wednesday. The company has a fifty day moving average price of $129.94 and a two-hundred day moving average price of $130.72. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. Diageo plc has a 12 month low of $117.72 and a 12 month high of $154.71.
Diageo Company Profile
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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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