Diversify Wealth Management LLC Raises Holdings in Diageo plc (NYSE:DEO)

Diversify Wealth Management LLC boosted its stake in shares of Diageo plc (NYSE:DEO) by 14.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,370 shares of the company’s stock after purchasing an additional 543 shares during the quarter. Diversify Wealth Management LLC’s holdings in Diageo were worth $586,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of DEO. Triad Wealth Partners LLC purchased a new stake in Diageo during the 2nd quarter worth about $25,000. 1620 Investment Advisors Inc. acquired a new position in shares of Diageo during the 2nd quarter worth about $25,000. Beacon Capital Management LLC boosted its position in shares of Diageo by 777.3% during the 1st quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock worth $29,000 after acquiring an additional 171 shares in the last quarter. Concord Wealth Partners acquired a new position in shares of Diageo during the 3rd quarter worth about $38,000. Finally, Bruce G. Allen Investments LLC boosted its position in shares of Diageo by 1,395.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after acquiring an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Down 2.8 %

Shares of NYSE DEO opened at $124.22 on Friday. The stock has a market cap of $69.10 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 3.84 and a beta of 0.69. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. Diageo plc has a 52-week low of $119.48 and a 52-week high of $161.64. The business has a 50-day moving average price of $133.90 and a 200 day moving average price of $133.21.

Analyst Upgrades and Downgrades

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

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.