Chartwell Investment Partners LLC Has $4.51 Million Stock Holdings in Diageo plc (NYSE:DEO)

Chartwell Investment Partners LLC increased its holdings in shares of Diageo plc (NYSE:DEO) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,138 shares of the company’s stock after acquiring an additional 1,481 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Diageo were worth $4,510,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Beacon Capital Management LLC lifted its holdings in Diageo by 777.3% during the first 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 last quarter. 1620 Investment Advisors Inc. bought a new position in Diageo during the second quarter valued at approximately $25,000. Triad Wealth Partners LLC bought a new position in Diageo during the second quarter valued at approximately $25,000. Concord Wealth Partners purchased a new stake in shares of Diageo during the third quarter valued at approximately $38,000. Finally, Bruce G. Allen Investments LLC boosted its stake 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 valued at $42,000 after purchasing an additional 279 shares during the period. 8.97% of the stock is owned by institutional investors.

Diageo Trading Up 0.1 %

Shares of DEO stock opened at $120.58 on Tuesday. 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 50-day moving average is $132.52 and its 200 day moving average is $132.38. Diageo plc has a 1-year low of $118.35 and a 1-year high of $154.71.

Analysts Set New Price Targets

Several research firms recently weighed in on DEO. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Bank of America raised 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 issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus 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.