Infusive Asset Management Inc. Grows Holdings in Diageo plc (NYSE:DEO)

Infusive Asset Management Inc. grew its stake in shares of Diageo plc (NYSE:DEO) by 26.5% in the third quarter, Holdings Channel reports. The firm owned 31,038 shares of the company’s stock after acquiring an additional 6,510 shares during the period. Diageo accounts for approximately 1.8% of Infusive Asset Management Inc.’s holdings, making the stock its 22nd largest position. Infusive Asset Management Inc.’s holdings in Diageo were worth $4,356,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Icon Wealth Advisors LLC raised its position in Diageo by 50.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 1,782 shares of the company’s stock valued at $250,000 after purchasing an additional 597 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Diageo by 26.2% in the third quarter. Hantz Financial Services Inc. now owns 39,166 shares of the company’s stock valued at $5,497,000 after acquiring an additional 8,131 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its stake in Diageo by 44.2% in the third quarter. Northwest & Ethical Investments L.P. now owns 3,779 shares of the company’s stock worth $530,000 after acquiring an additional 1,158 shares during the period. Financial Counselors Inc. grew its holdings in Diageo by 15.2% during the 3rd quarter. Financial Counselors Inc. now owns 2,979 shares of the company’s stock worth $418,000 after acquiring an additional 392 shares in the last quarter. Finally, Fiduciary Trust Co increased its position in Diageo by 5.2% during the 3rd quarter. Fiduciary Trust Co now owns 18,259 shares of the company’s stock valued at $2,562,000 after purchasing an additional 903 shares during the period. 8.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DEO. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Three research 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. Based on data from MarketBeat.com, Diageo presently has an average rating of “Hold”.

Diageo Price Performance

Shares of DEO opened at $118.65 on Friday. The company has a 50 day moving average of $129.31 and a two-hundred day moving average of $130.55. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo plc has a twelve month low of $117.72 and a twelve month high of $154.71.

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.