Grandfield & Dodd LLC Raises Position in Diageo plc (NYSE:DEO)

Grandfield & Dodd LLC grew its holdings in shares of Diageo plc (NYSE:DEO - Free Report) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 240,013 shares of the company's stock after buying an additional 5,460 shares during the period. Diageo accounts for 2.0% of Grandfield & Dodd LLC's portfolio, making the stock its 17th biggest position. Grandfield & Dodd LLC's holdings in Diageo were worth $33,684,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DEO. Financial Counselors Inc. raised its holdings in Diageo by 3.3% in the 2nd quarter. Financial Counselors Inc. now owns 2,587 shares of the company's stock worth $326,000 after purchasing an additional 83 shares during the period. PFG Investments LLC lifted its position in shares of Diageo by 3.4% during the 2nd quarter. PFG Investments LLC now owns 2,516 shares of the company's stock valued at $317,000 after buying an additional 83 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Diageo by 1.1% during the 3rd quarter. Global Retirement Partners LLC now owns 8,146 shares of the company's stock valued at $1,143,000 after acquiring an additional 85 shares during the period. Gradient Investments LLC increased its holdings in Diageo by 2.8% in the 2nd quarter. Gradient Investments LLC now owns 3,181 shares of the company's stock worth $401,000 after acquiring an additional 86 shares in the last quarter. Finally, Toronto Dominion Bank raised its stake in Diageo by 0.9% during the 1st quarter. Toronto Dominion Bank now owns 9,949 shares of the company's stock worth $1,480,000 after acquiring an additional 90 shares during the period. Hedge funds and other institutional investors own 8.97% of the company's stock.

Diageo Stock Up 0.2 %

DEO traded up $0.24 on Wednesday, reaching $119.44. 838,120 shares of the stock were exchanged, compared to its average volume of 759,412. 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 company's 50-day moving average price is $131.21 and its 200 day moving average price is $131.47. Diageo plc has a fifty-two week low of $117.84 and a fifty-two week high of $154.71.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Bank of America raised shares of Diageo from a "neutral" rating to a "buy" rating in a report on Thursday, September 12th. Royal Bank of Canada upgraded shares of Diageo from an "underperform" rating to a "sector perform" rating in a report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Diageo 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.