Managed Asset Portfolios LLC Has $4.53 Million Holdings in Diageo plc (NYSE:DEO)

Managed Asset Portfolios LLC lifted its holdings in Diageo plc (NYSE:DEO) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,257 shares of the company’s stock after purchasing an additional 386 shares during the period. Managed Asset Portfolios LLC’s holdings in Diageo were worth $4,527,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Triad Wealth Partners LLC bought a new position in Diageo in the second quarter worth $25,000. 1620 Investment Advisors Inc. bought a new position in shares of Diageo during the 2nd quarter worth about $25,000. Beacon Capital Management LLC boosted its position in shares of Diageo by 777.3% during the 1st quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after acquiring an additional 171 shares in the last quarter. Concord Wealth Partners acquired a new stake in shares of Diageo during the 3rd quarter valued at about $38,000. Finally, Bruce G. Allen Investments LLC increased its stake in Diageo by 1,395.0% in the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock valued at $42,000 after acquiring an additional 279 shares during the period. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Performance

Shares of NYSE:DEO opened at $120.09 on Friday. Diageo plc has a 12 month low of $117.72 and a 12 month 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 company’s 50-day moving average price is $130.48 and its two-hundred day moving average price is $131.12.

Wall Street Analyst Weigh In

A number of brokerages have commented on DEO. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Three 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’s stock. Based on data from MarketBeat, the stock presently has an average 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.