Stephens Inc. AR raised its position in Diageo plc (NYSE:DEO - Free Report) by 14.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,720 shares of the company's stock after purchasing an additional 4,089 shares during the period. Stephens Inc. AR's holdings in Diageo were worth $4,592,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Triad Wealth Partners LLC acquired a new stake in shares of Diageo during the 2nd quarter worth about $25,000. 1620 Investment Advisors Inc. bought a new stake in shares of Diageo during the 2nd quarter valued at approximately $25,000. Beacon Capital Management LLC boosted its position in 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 buying an additional 171 shares during the period. Concord Wealth Partners acquired a new stake in Diageo during the 3rd quarter worth approximately $38,000. Finally, Bruce G. Allen Investments LLC boosted its position in 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 buying an additional 279 shares during the period. Institutional investors own 8.97% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on DEO. Bank of America upgraded shares of Diageo from a "neutral" rating to a "buy" rating in a research report on Thursday, September 12th. Royal Bank of Canada raised shares of Diageo from an "underperform" rating to a "sector perform" rating in a report on Monday, August 12th. Finally, The Goldman Sachs Group downgraded shares of Diageo from a "neutral" rating to a "sell" rating in a report on Friday, July 12th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".
Check Out Our Latest Report on DEO
Diageo Trading Up 0.0 %
Shares of NYSE:DEO traded up $0.05 on Friday, hitting $124.21. 689,572 shares of the company traded hands, compared to its average volume of 527,734. Diageo plc has a 52 week low of $119.48 and a 52 week high of $161.64. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. The stock has a 50 day simple moving average of $133.68 and a 200-day simple moving average of $133.05.
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.
Further Reading
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