Sunbelt Securities Inc. Has $415,000 Stock Holdings in Diageo plc (NYSE:DEO)

Sunbelt Securities Inc. decreased its holdings in shares of Diageo plc (NYSE:DEO) by 9.4% during the 3rd quarter, Holdings Channel reports. The firm owned 2,955 shares of the company’s stock after selling 306 shares during the quarter. Sunbelt Securities Inc.’s holdings in Diageo were worth $415,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Lantz Financial LLC increased its stake in Diageo by 24.7% in the second quarter. Lantz Financial LLC now owns 11,704 shares of the company’s stock valued at $1,476,000 after purchasing an additional 2,318 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Diageo by 3.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 19,625 shares of the company’s stock valued at $2,474,000 after buying an additional 707 shares in the last quarter. Triad Wealth Partners LLC bought a new stake in Diageo in the 2nd quarter valued at about $25,000. Blue Trust Inc. raised its stake in Diageo by 26.4% during the 2nd quarter. Blue Trust Inc. now owns 3,264 shares of the company’s stock worth $412,000 after buying an additional 681 shares during the period. Finally, Brookstone Capital Management boosted its holdings in Diageo by 23.9% in the second quarter. Brookstone Capital Management now owns 2,542 shares of the company’s stock worth $333,000 after acquiring an additional 491 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a report on Wednesday. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Diageo Stock Up 1.7 %

Shares of Diageo stock opened at $131.49 on Friday. Diageo plc has a 52 week low of $117.72 and a 52 week high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. The business has a 50 day moving average price of $126.19 and a 200-day moving average price of $129.26.

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.