Semmax Financial Advisors Inc. Purchases 2,410 Shares of Diageo plc (NYSE:DEO)

Semmax Financial Advisors Inc. grew its position in shares of Diageo plc (NYSE:DEO) by 15.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,214 shares of the company’s stock after buying an additional 2,410 shares during the quarter. Semmax Financial Advisors Inc.’s holdings in Diageo were worth $2,556,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Triad Wealth Partners LLC purchased a new stake in Diageo during the 2nd quarter valued at $25,000. 1620 Investment Advisors Inc. bought a new position in shares of Diageo during the second quarter valued at $25,000. Brooklyn Investment Group purchased a new stake in shares of Diageo during the third quarter valued at $25,000. Concord Wealth Partners bought a new stake in Diageo in the 3rd quarter worth about $38,000. Finally, Bruce G. Allen Investments LLC raised its position in Diageo by 1,395.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after buying an additional 279 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

DEO has been the topic of a number of recent analyst reports. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Diageo Trading Up 0.6 %

NYSE DEO opened at $119.36 on Friday. The company has a 50-day moving average price of $129.03 and a 200-day moving average price of $130.30. Diageo plc has a 52 week low of $117.72 and a 52 week 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.

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.