Grandfield & Dodd LLC Has $33.68 Million Stock Position in Diageo plc (NYSE:DEO)

Grandfield & Dodd LLC raised its holdings in Diageo plc (NYSE:DEO) by 2.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 240,013 shares of the company’s stock after acquiring an additional 5,460 shares during the quarter. Diageo accounts for 2.0% of Grandfield & Dodd LLC’s investment portfolio, making the stock its 17th biggest holding. Grandfield & Dodd LLC’s holdings in Diageo were worth $33,684,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in DEO. First Horizon Advisors Inc. grew its position in shares of Diageo by 5.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 8,389 shares of the company’s stock worth $1,177,000 after buying an additional 429 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Diageo by 35.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 8,050 shares of the company’s stock valued at $1,130,000 after buying an additional 2,100 shares during the period. Prospera Private Wealth LLC bought a new stake in Diageo in the 3rd quarter valued at about $651,000. West Family Investments Inc. acquired a new position in Diageo during the 3rd quarter worth approximately $263,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Diageo by 6.1% in the third quarter. PNC Financial Services Group Inc. now owns 77,391 shares of the company’s stock worth $10,861,000 after acquiring an additional 4,459 shares in the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Performance

NYSE:DEO opened at $119.22 on Wednesday. Diageo plc has a twelve month low of $117.84 and a twelve month high of $154.71. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The business’s 50-day moving average price is $131.21 and its two-hundred day moving average price is $131.47.

Wall Street Analysts Forecast Growth

DEO has been the subject of several recent research reports. Royal Bank of Canada raised 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 research note on Thursday, September 12th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Diageo 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.