First Trust Direct Indexing L.P. Acquires 734 Shares of Diageo plc (NYSE:DEO)

First Trust Direct Indexing L.P. increased its holdings in shares of Diageo plc (NYSE:DEO) by 14.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,902 shares of the company’s stock after acquiring an additional 734 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Diageo were worth $828,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DEO. Bank of Montreal Can lifted its holdings in Diageo by 1,034.5% during the second quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock worth $104,443,000 after acquiring an additional 729,166 shares during the period. Hsbc Holdings PLC raised its stake in shares of Diageo by 416.0% in the second quarter. Hsbc Holdings PLC now owns 521,920 shares of the company’s stock valued at $65,939,000 after buying an additional 420,778 shares during the period. 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 buying an additional 293,017 shares during the period. Fort Washington Investment Advisors Inc. OH raised its stake in shares of Diageo by 12,174.6% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 246,229 shares of the company’s stock valued at $31,045,000 after buying an additional 244,223 shares during the period. Finally, Mediolanum International Funds Ltd bought a new stake in shares of Diageo in the third quarter valued at $24,995,000. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Up 0.0 %

Diageo stock opened at $124.21 on Friday. Diageo plc has a 52 week low of $119.48 and a 52 week high of $161.64. The business has a 50-day simple moving average of $133.68 and a 200 day simple moving average of $133.12. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.

Analyst Ratings Changes

Several analysts have issued reports on the company. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. The Goldman Sachs Group lowered Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Finally, Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

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.