Keudell Morrison Wealth Management bought a new position in Diageo plc (NYSE:DEO – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,653 shares of the company’s stock, valued at approximately $372,000.
Other institutional investors have also made changes to their positions in the company. Financial Counselors Inc. boosted its position in shares of Diageo by 3.3% during the second quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock worth $326,000 after buying an additional 83 shares during the period. PFG Investments LLC raised its stake in shares of Diageo by 3.4% during the second quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock valued at $317,000 after purchasing an additional 83 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in Diageo by 1.1% in the third quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock worth $1,143,000 after purchasing an additional 85 shares during the period. Gradient Investments LLC grew its position in Diageo by 2.8% in the 2nd quarter. Gradient Investments LLC now owns 3,181 shares of the company’s stock valued at $401,000 after buying an additional 86 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in Diageo by 0.9% during the 1st quarter. Toronto Dominion Bank now owns 9,949 shares of the company’s stock valued at $1,480,000 after buying an additional 90 shares during the period. 8.97% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have recently weighed in on DEO. 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 raised Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Finally, The Goldman Sachs Group downgraded Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.
Diageo Stock Performance
Shares of DEO traded up $2.91 during mid-day trading on Thursday, hitting $122.55. The company’s stock had a trading volume of 152,887 shares, compared to its average volume of 750,789. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The firm has a 50-day moving average price of $132.96 and a 200 day moving average price of $132.72. Diageo plc has a fifty-two week low of $118.35 and a fifty-two week high of $161.64.
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.
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