Raymond James Trust N.A. Acquires 3,869 Shares of Diageo plc (NYSE:DEO)

Raymond James Trust N.A. raised its holdings in Diageo plc (NYSE:DEO) by 37.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 14,222 shares of the company’s stock after acquiring an additional 3,869 shares during the period. Raymond James Trust N.A.’s holdings in Diageo were worth $1,996,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Markel Group Inc. raised its position in Diageo by 0.5% during the 2nd quarter. Markel Group Inc. now owns 1,366,708 shares of the company’s stock worth $172,315,000 after purchasing an additional 6,300 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Diageo by 13.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company’s stock worth $176,042,000 after acquiring an additional 147,920 shares during the last quarter. Confluence Investment Management LLC lifted its stake in shares of Diageo by 30.5% in the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after acquiring an additional 284,046 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Diageo by 7.1% in the second quarter. Envestnet Asset Management Inc. now owns 1,127,576 shares of the company’s stock valued at $142,165,000 after acquiring an additional 74,745 shares during the last quarter. Finally, Natixis Advisors LLC increased its position 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 own 8.97% of the company’s stock.

Diageo Price Performance

Diageo stock opened at $120.09 on Friday. The stock’s 50 day moving average price is $130.48 and its two-hundred day moving average price is $131.12. 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 52-week low of $117.72 and a 52-week high of $154.71.

Analysts Set New Price Targets

DEO has been the topic of a number of recent analyst reports. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Three 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, Diageo has a consensus 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.