Legacy Capital Wealth Partners LLC Purchases 2,866 Shares of Diageo plc (NYSE:DEO)

Legacy Capital Wealth Partners LLC raised its position in Diageo plc (NYSE:DEO) by 103.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 5,642 shares of the company’s stock after acquiring an additional 2,866 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Diageo were worth $792,000 as of its most recent filing with the SEC.

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

Diageo Stock Down 1.1 %

Shares of DEO stock opened at $120.43 on Friday. Diageo plc has a 52-week low of $118.35 and a 52-week high of $161.64. The company has a 50-day simple moving average of $132.52 and a two-hundred day simple moving average of $132.49. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

Analysts Set New Price Targets

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