Henry James International Management Inc. Buys Shares of 1,577 Diageo plc (NYSE:DEO)

Henry James International Management Inc. bought a new stake in Diageo plc (NYSE:DEO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,577 shares of the company’s stock, valued at approximately $221,000.

Several other large investors have also recently bought and sold shares of DEO. Bank of Montreal Can increased its stake in Diageo by 1,034.5% in the second quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock valued at $104,443,000 after purchasing an additional 729,166 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Diageo by 416.0% in the second quarter. Hsbc Holdings PLC now owns 521,920 shares of the company’s stock valued at $65,939,000 after buying an additional 420,778 shares during the period. Raymond James & Associates boosted its holdings in shares of Diageo by 52.3% in the third quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock valued at $119,800,000 after buying an additional 293,017 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Diageo by 12,174.6% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 246,229 shares of the company’s stock valued at $31,045,000 after buying an additional 244,223 shares during the period. Finally, Mediolanum International Funds Ltd acquired a new position in shares of Diageo in the third quarter valued at approximately $24,995,000. Institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on DEO shares. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Finally, The Goldman Sachs Group cut shares of Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Three investment 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. According to MarketBeat, the stock has a consensus rating of “Hold”.

Diageo Stock Performance

Shares of DEO opened at $125.19 on Monday. Diageo plc has a 12 month low of $119.48 and a 12 month high of $161.64. The firm has a fifty day simple moving average of $133.68 and a 200 day simple moving average of $133.05. The stock has a market capitalization of $69.64 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 3.54 and a beta of 0.71. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

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.