Geneos Wealth Management Inc. Purchases 9,068 Shares of Diageo plc (NYSE:DEO)

Geneos Wealth Management Inc. increased its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 2,128.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,494 shares of the company's stock after acquiring an additional 9,068 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Diageo were worth $1,412,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DEO. Scarborough Advisors LLC bought a new stake in Diageo in the 4th quarter valued at $25,000. Planned Solutions Inc. bought a new stake in Diageo in the 4th quarter valued at $27,000. Concord Wealth Partners bought a new stake in Diageo in the 1st quarter valued at $29,000. Addison Advisors LLC increased its holdings in Diageo by 97.3% in the 4th quarter. Addison Advisors LLC now owns 217 shares of the company's stock valued at $32,000 after buying an additional 107 shares during the period. Finally, Criterion Capital Advisors LLC bought a new stake in Diageo in the 4th quarter valued at $36,000. Institutional investors own 8.97% of the company's stock.

Diageo Trading Up 0.1 %

Diageo stock traded up $0.14 during trading hours on Friday, reaching $131.73. 656,921 shares of the company's stock traded hands, compared to its average volume of 728,717. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58. Diageo plc has a fifty-two week low of $124.80 and a fifty-two week high of $179.78. The firm's 50 day moving average is $134.23 and its 200-day moving average is $141.26.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DEO. Citigroup upgraded shares of Diageo from a "neutral" rating to a "buy" rating in a research report on Wednesday, July 3rd. The Goldman Sachs Group downgraded shares of Diageo from a "neutral" rating to a "sell" rating in a research report on Friday. Four research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Diageo presently has a consensus rating of "Hold" and a consensus price target of $3,730.00.

Diageo Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.