Diageo plc (NYSE:DEO) Stake Increased by CORDA Investment Management LLC.

CORDA Investment Management LLC. increased its holdings in shares of Diageo plc (NYSE:DEO - Free Report) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 232,077 shares of the company's stock after purchasing an additional 5,066 shares during the period. Diageo accounts for 2.5% of CORDA Investment Management LLC.'s investment portfolio, making the stock its 18th largest holding. CORDA Investment Management LLC.'s holdings in Diageo were worth $32,570,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. J.W. Cole Advisors Inc. boosted its stake in Diageo by 3.8% during the 1st quarter. J.W. Cole Advisors Inc. now owns 2,158 shares of the company's stock worth $321,000 after purchasing an additional 78 shares during the period. Financial Counselors Inc. boosted its stake in Diageo by 3.3% during 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 stake in shares of Diageo by 3.4% in the 2nd quarter. PFG Investments LLC now owns 2,516 shares of the company's stock worth $317,000 after acquiring an additional 83 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Diageo by 1.1% in the 3rd quarter. Global Retirement Partners LLC now owns 8,146 shares of the company's stock worth $1,143,000 after acquiring an additional 85 shares during the period. Finally, Gradient Investments LLC lifted its stake in shares of 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 during the period. Institutional investors and hedge funds own 8.97% of the company's stock.

Diageo Stock Down 0.5 %

Shares of NYSE DEO traded down $0.64 during trading on Monday, reaching $123.57. 624,356 shares of the stock were exchanged, compared to its average volume of 753,276. The business's 50-day moving average price is $133.68 and its 200 day moving average price is $133.05. Diageo plc has a twelve month low of $119.48 and a twelve month high of $161.64. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $68.74 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 3.54 and a beta of 0.71.

Analysts Set New Price Targets

DEO has been the subject of several recent analyst reports. The Goldman Sachs Group cut shares of Diageo from a "neutral" rating to a "sell" rating in a research note on Friday, July 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. Finally, Bank of America raised shares of Diageo from a "neutral" rating to a "buy" rating in a research report on Thursday, September 12th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently 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.