Diageo plc (NYSE:DEO) Shares Purchased by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC increased its stake in shares of Diageo plc (NYSE:DEO) by 15.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,063 shares of the company’s stock after acquiring an additional 668 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Diageo were worth $711,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Financial Counselors Inc. increased its stake in Diageo by 3.3% in the second quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock valued at $326,000 after purchasing an additional 83 shares during the last quarter. PFG Investments LLC boosted its holdings in shares of Diageo by 3.4% in the 2nd quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock valued at $317,000 after buying an additional 83 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of Diageo by 1.1% in the 3rd quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock valued at $1,143,000 after buying an additional 85 shares during the last quarter. Gradient Investments LLC raised its stake in Diageo by 2.8% during the 2nd quarter. Gradient Investments LLC now owns 3,181 shares of the company’s stock worth $401,000 after acquiring an additional 86 shares in the last quarter. Finally, Pinnacle West Asset Management Inc. lifted its position in Diageo by 3.6% in the second quarter. Pinnacle West Asset Management Inc. now owns 2,590 shares of the company’s stock valued at $327,000 after acquiring an additional 90 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Finally, Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Diageo Stock Performance

NYSE DEO opened at $122.99 on Friday. The firm has a market cap of $68.42 billion, a P/E ratio of 17.70, a P/E/G ratio of 3.27 and a beta of 0.69. Diageo plc has a 52-week low of $117.72 and a 52-week high of $154.71. The business’s 50-day moving average price is $127.37 and its 200 day moving average price is $129.56. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

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.