PDS Planning Inc Raises Stock Holdings in Diageo plc (NYSE:DEO)

PDS Planning Inc boosted its holdings in shares of Diageo plc (NYSE:DEO) by 40.1% in the third quarter, Holdings Channel.com reports. The fund owned 2,321 shares of the company’s stock after acquiring an additional 664 shares during the quarter. PDS Planning Inc’s holdings in Diageo were worth $326,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Clearbridge Investments LLC boosted its stake in shares of Diageo by 7.0% during the first quarter. Clearbridge Investments LLC now owns 2,351,654 shares of the company’s stock valued at $349,785,000 after purchasing an additional 154,497 shares during the period. Markel Group Inc. boosted its position in Diageo by 0.5% in the 2nd quarter. Markel Group Inc. now owns 1,366,708 shares of the company’s stock valued at $172,315,000 after buying an additional 6,300 shares during the period. Envestnet Asset Management Inc. grew its stake in Diageo by 7.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,127,576 shares of the company’s stock worth $142,165,000 after acquiring an additional 74,745 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Diageo by 2.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,106,473 shares of the company’s stock worth $139,504,000 after acquiring an additional 23,435 shares during the period. Finally, Confluence Investment Management LLC raised its stake in shares of Diageo by 10.5% during the second quarter. Confluence Investment Management LLC now owns 931,740 shares of the company’s stock valued at $117,474,000 after acquiring an additional 88,159 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

DEO has been the topic of several research analyst reports. Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. The Goldman Sachs Group downgraded Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Finally, Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Three investment 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 MarketBeat.com, Diageo currently has a consensus rating of “Hold”.

Diageo Price Performance

Diageo stock opened at $123.57 on Tuesday. Diageo plc has a 12 month low of $119.48 and a 12 month high of $161.64. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The business has a 50 day simple moving average of $133.44 and a 200-day simple moving average of $132.93.

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.