Prospera Private Wealth LLC Makes New Investment in Diageo plc (NYSE:DEO)

Prospera Private Wealth LLC purchased a new stake in shares of Diageo plc (NYSE:DEO - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,640 shares of the company's stock, valued at approximately $651,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Bank of Montreal Can increased its stake in shares of Diageo by 1,034.5% in the second quarter. Bank of Montreal Can now owns 799,652 shares of the company's stock worth $104,443,000 after buying an additional 729,166 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of Diageo by 105.7% in the third quarter. Natixis Advisors LLC now owns 949,411 shares of the company's stock worth $133,240,000 after purchasing an additional 487,904 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Diageo by 416.0% during the 2nd quarter. Hsbc Holdings PLC now owns 521,920 shares of the company's stock valued at $65,939,000 after purchasing an additional 420,778 shares during the period. Raymond James & Associates raised its position in Diageo by 52.3% in the third quarter. Raymond James & Associates now owns 853,640 shares of the company's stock worth $119,800,000 after acquiring an additional 293,017 shares in the last quarter. Finally, Confluence Investment Management LLC boosted its stake in shares of Diageo by 30.5% during the 3rd quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company's stock worth $170,623,000 after acquiring an additional 284,046 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented 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 upgraded shares of Diageo from an "underperform" rating to a "sector perform" rating in a research note on Monday, August 12th. Three equities research 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 MarketBeat.com, Diageo has an average rating of "Hold".

Diageo Trading Up 0.2 %

Diageo stock opened at $119.44 on Thursday. Diageo plc has a twelve month low of $117.84 and a twelve month high of $154.71. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The company has a 50 day moving average of $131.02 and a 200-day moving average of $131.38.

Diageo Company 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.