Pekin Hardy Strauss Inc. lifted its holdings in Diageo plc (NYSE:DEO - Free Report) by 19.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,104 shares of the company's stock after acquiring an additional 6,505 shares during the period. Pekin Hardy Strauss Inc.'s holdings in Diageo were worth $5,628,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in DEO. Triad Wealth Partners LLC purchased a new position in shares of Diageo during the second quarter valued at about $25,000. 1620 Investment Advisors Inc. purchased a new position in Diageo during the 2nd quarter valued at approximately $25,000. Beacon Capital Management LLC increased its stake in Diageo by 777.3% in the 1st quarter. Beacon Capital Management LLC now owns 193 shares of the company's stock worth $29,000 after acquiring an additional 171 shares during the last quarter. Concord Wealth Partners purchased a new stake in shares of Diageo during the 3rd quarter worth approximately $38,000. Finally, Bruce G. Allen Investments LLC raised its holdings in shares of 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 acquiring an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada raised shares of Diageo from an "underperform" rating to a "sector perform" rating in a research note on Monday, August 12th. Bank of America upgraded shares of Diageo from a "neutral" rating to a "buy" rating in a research report on Thursday, September 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold".
Read Our Latest Stock Report on Diageo
Diageo Price Performance
DEO traded up $1.99 during trading on Friday, reaching $120.09. The company had a trading volume of 1,233,747 shares, compared to its average volume of 770,122. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. Diageo plc has a 52 week low of $117.72 and a 52 week high of $154.71. The business has a 50 day simple moving average of $130.48 and a 200-day simple moving average of $131.12.
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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