World Investment Advisors LLC Buys New Shares in Diageo plc (NYSE:DEO)

World Investment Advisors LLC purchased a new position in Diageo plc (NYSE:DEO) during the 3rd quarter, Holdings Channel reports. The firm purchased 39,264 shares of the company’s stock, valued at approximately $5,510,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in Diageo during the third quarter worth about $25,000. 1620 Investment Advisors Inc. acquired a new position in Diageo in the 2nd quarter valued at approximately $25,000. Triad Wealth Partners LLC bought a new stake in shares of Diageo in the 2nd quarter worth approximately $25,000. Concord Wealth Partners bought a new stake in shares of Diageo during the third quarter valued at approximately $38,000. Finally, Bruce G. Allen Investments LLC raised its stake in shares of Diageo by 1,395.0% in the third 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 in the last quarter. Institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

DEO has been the topic of a number of recent research reports. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Diageo Price Performance

Diageo stock opened at $129.24 on Friday. The stock has a fifty day moving average price of $126.31 and a two-hundred day moving average price of $129.30. Diageo plc has a 52-week low of $117.72 and a 52-week 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.

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.