Icon Wealth Advisors LLC Grows Stock Holdings in Diageo plc (NYSE:DEO)

Icon Wealth Advisors LLC increased its holdings in Diageo plc (NYSE:DEO - Free Report) by 1,139.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,688 shares of the company's stock after purchasing an additional 13,503 shares during the quarter. Icon Wealth Advisors LLC's holdings in Diageo were worth $2,061,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Beacon Capital Management LLC grew its holdings in shares of Diageo by 777.3% in the first 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. 1620 Investment Advisors Inc. bought a new stake in Diageo in the 2nd quarter worth $25,000. Triad Wealth Partners LLC bought a new stake in Diageo in the 2nd quarter worth $25,000. Concord Wealth Partners purchased a new position in shares of Diageo in the third quarter valued at about $38,000. Finally, Bruce G. Allen Investments LLC raised its stake in shares of Diageo by 1,395.0% during the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company's stock valued at $42,000 after acquiring an additional 279 shares during the last quarter. 8.97% of the stock is owned by institutional investors.

Diageo Stock Performance

Diageo stock traded up $1.99 during trading hours on Friday, hitting $120.09. 1,233,747 shares of the stock traded hands, compared to its average volume of 770,122. Diageo plc has a one year low of $117.72 and a one year high of $154.71. The firm's 50-day moving average price is $130.48 and its two-hundred day moving average price is $131.17. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.

Analysts Set New Price Targets

Several research firms recently issued reports on DEO. Bank of America raised Diageo from a "neutral" rating to a "buy" rating in a research note on Thursday, September 12th. Royal Bank of Canada raised Diageo from an "underperform" rating to a "sector perform" rating in a research note on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Diageo Profile

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.