Diageo plc (NYSE:DEO) Shares Acquired by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC raised its holdings in shares of Diageo plc (NYSE:DEO) by 1,139.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,688 shares of the company’s stock after buying an additional 13,503 shares during the period. Icon Wealth Advisors LLC’s holdings in Diageo were worth $2,061,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Markel Group Inc. lifted its stake in Diageo by 0.5% during the second quarter. Markel Group Inc. now owns 1,366,708 shares of the company’s stock valued at $172,315,000 after buying an additional 6,300 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Diageo by 13.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company’s stock valued at $176,042,000 after acquiring an additional 147,920 shares in the last quarter. Confluence Investment Management LLC boosted its stake in Diageo by 30.5% in the 3rd quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after purchasing an additional 284,046 shares during the period. Envestnet Asset Management Inc. grew its position in Diageo by 7.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,127,576 shares of the company’s stock worth $142,165,000 after purchasing an additional 74,745 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in Diageo by 105.7% during the 3rd quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock valued at $133,240,000 after purchasing an additional 487,904 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on DEO shares. Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Diageo presently has a consensus rating of “Hold”.

Diageo Price Performance

Shares of DEO stock opened at $120.07 on Friday. Diageo plc has a fifty-two week low of $117.72 and a fifty-two week high of $154.71. The stock’s 50-day moving average is $130.48 and its two-hundred day moving average is $131.17. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

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.