Diageo plc (NYSE:DEO) Stock Holdings Increased by Maia Wealth LLC

Maia Wealth LLC increased its position in shares of Diageo plc (NYSE:DEO) by 49.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,519 shares of the company’s stock after purchasing an additional 3,481 shares during the period. Maia Wealth LLC’s holdings in Diageo were worth $1,414,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of DEO. Private Advisor Group LLC lifted its holdings in shares of Diageo by 4.6% in the first quarter. Private Advisor Group LLC now owns 15,289 shares of the company’s stock valued at $2,274,000 after purchasing an additional 668 shares in the last quarter. Rehmann Capital Advisory Group increased its position in Diageo by 3.0% in the 1st quarter. Rehmann Capital Advisory Group now owns 4,106 shares of the company’s stock worth $611,000 after buying an additional 118 shares during the period. Avidian Wealth Solutions LLC raised its stake in Diageo by 97.1% during the 1st quarter. Avidian Wealth Solutions LLC now owns 2,887 shares of the company’s stock valued at $429,000 after purchasing an additional 1,422 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Diageo by 8.8% in the first quarter. Signaturefd LLC now owns 7,876 shares of the company’s stock valued at $1,171,000 after buying an additional 639 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of Diageo by 2,128.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 9,494 shares of the company’s stock worth $1,412,000 after acquiring an additional 9,068 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Down 3.8 %

Shares of DEO stock traded down $4.76 during trading hours on Wednesday, hitting $119.13. 260,493 shares of the company’s stock traded hands, compared to its average volume of 749,480. Diageo plc has a 12 month low of $118.35 and a 12 month high of $161.64. The stock’s 50 day simple moving average is $133.23 and its 200 day simple moving average is $132.81. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

Analyst Ratings Changes

DEO has been the subject of a number of recent analyst reports. The Goldman Sachs Group cut shares of Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Finally, Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.