Diageo plc (NYSE:DEO) Stake Raised by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC raised its holdings in shares of Diageo plc (NYSE:DEO) by 14.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,067 shares of the company’s stock after acquiring an additional 261 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Diageo were worth $290,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Financial Counselors Inc. grew its position in Diageo by 3.3% during the second quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock valued at $326,000 after purchasing an additional 83 shares in the last quarter. PFG Investments LLC grew its holdings in shares of Diageo by 3.4% during the 2nd quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock valued at $317,000 after acquiring an additional 83 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Diageo by 1.1% during the 3rd quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock valued at $1,143,000 after acquiring an additional 85 shares in the last quarter. Gradient Investments LLC raised its holdings in shares of Diageo by 2.8% during the second quarter. Gradient Investments LLC now owns 3,181 shares of the company’s stock worth $401,000 after acquiring an additional 86 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of Diageo by 0.9% during the first quarter. Toronto Dominion Bank now owns 9,949 shares of the company’s stock worth $1,480,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Price Performance

NYSE DEO opened at $118.16 on Friday. Diageo plc has a fifty-two week low of $117.84 and a fifty-two week high of $154.71. The stock’s 50-day moving average is $131.57 and its two-hundred day moving average is $131.76. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Three 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

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.