Zions Bancorporation N.A. Acquires 36,656 Shares of Diageo plc (NYSE:DEO)

Zions Bancorporation N.A. lifted its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 17,372.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,867 shares of the company's stock after purchasing an additional 36,656 shares during the period. Zions Bancorporation N.A.'s holdings in Diageo were worth $5,174,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Triad Wealth Partners LLC bought a new position in shares of Diageo in the 2nd quarter valued at about $25,000. 1620 Investment Advisors Inc. acquired a new stake in Diageo in the 2nd quarter valued at about $25,000. Beacon Capital Management LLC lifted its stake in Diageo by 777.3% in the 1st quarter. Beacon Capital Management LLC now owns 193 shares of the company's stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. Concord Wealth Partners acquired a new stake in Diageo in the 3rd quarter valued at about $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 purchasing an additional 279 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DEO shares. Bank of America upgraded shares of Diageo from a "neutral" rating to a "buy" rating in a research note 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 analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Diageo currently has a consensus rating of "Hold".

Diageo Stock Performance

DEO stock traded up $0.70 during mid-day trading on Thursday, hitting $119.85. 872,385 shares of the company were exchanged, compared to its average volume of 757,370. The business has a 50 day simple moving average of $131.91 and a 200-day simple moving average of $132.03. 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 stock has a market capitalization of $66.67 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 3.41 and a beta of 0.71. Diageo plc has a 1-year low of $117.84 and a 1-year high of $154.71.

About Diageo

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.