Centaurus Financial Inc. Has $592,000 Position in Diageo plc (NYSE:DEO)

Centaurus Financial Inc. lifted its position in Diageo plc (NYSE:DEO) by 26.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,216 shares of the company’s stock after purchasing an additional 890 shares during the quarter. Centaurus Financial Inc.’s holdings in Diageo were worth $592,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DEO. Bank of Montreal Can boosted its stake in Diageo by 1,034.5% in the 2nd quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock valued at $104,443,000 after buying an additional 729,166 shares in the last quarter. Natixis Advisors LLC lifted its holdings 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 last quarter. Hsbc Holdings PLC grew its stake in Diageo by 416.0% during the second quarter. Hsbc Holdings PLC now owns 521,920 shares of the company’s stock worth $65,939,000 after buying an additional 420,778 shares during the last quarter. Raymond James & Associates raised its stake in shares of Diageo by 52.3% in the third quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock valued at $119,800,000 after acquiring an additional 293,017 shares during the last quarter. Finally, Confluence Investment Management LLC increased its holdings in Diageo by 30.5% during the 3rd quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock valued at $170,623,000 after purchasing an additional 284,046 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Trading Down 1.4 %

Shares of Diageo stock opened at $118.72 on Wednesday. Diageo plc has a 12 month low of $117.72 and a 12 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 stock’s fifty day simple moving average is $129.94 and its 200 day simple moving average is $130.72.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock 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.