Janney Montgomery Scott LLC lowered its holdings in Diageo plc (NYSE:DEO - Free Report) by 7.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,163 shares of the company's stock after selling 12,230 shares during the period. Janney Montgomery Scott LLC's holdings in Diageo were worth $22,758,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of DEO. Triad Wealth Partners LLC bought a new position in shares of Diageo during the 2nd quarter worth about $25,000. 1620 Investment Advisors Inc. bought a new position in Diageo during the second quarter worth about $25,000. Beacon Capital Management LLC increased 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 acquiring an additional 171 shares in the last quarter. Concord Wealth Partners acquired a new stake in shares of Diageo during the third quarter worth $38,000. Finally, Bruce G. Allen Investments LLC lifted its stake in Diageo by 1,395.0% in the 3rd 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 in the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on DEO. Bank of America raised Diageo from a "neutral" rating to a "buy" rating in a research report on Thursday, September 12th. Royal Bank of Canada raised Diageo from an "underperform" rating to a "sector perform" rating in a report on Monday, August 12th. Finally, The Goldman Sachs Group lowered Diageo from a "neutral" rating to a "sell" rating in a research report on Friday, July 12th. Three research 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. According to MarketBeat.com, the company currently has a consensus rating of "Hold".
Get Our Latest Stock Report on Diageo
Diageo Trading Up 0.3 %
NYSE DEO traded up $0.38 during trading hours on Tuesday, reaching $123.95. 535,717 shares of the stock traded hands, compared to its average volume of 752,259. The stock has a 50 day simple moving average of $133.23 and a two-hundred day simple moving average of $132.81. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. Diageo plc has a 1 year low of $119.48 and a 1 year high of $161.64.
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.
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