Orion Portfolio Solutions LLC Purchases 5,483 Shares of Diageo plc (NYSE:DEO)

Orion Portfolio Solutions LLC lifted its position in shares of Diageo plc (NYSE:DEO) by 8.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,764 shares of the company’s stock after purchasing an additional 5,483 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Diageo were worth $10,352,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC grew its position in shares of Diageo by 20.0% in the 3rd quarter. EP Wealth Advisors LLC now owns 2,546 shares of the company’s stock worth $357,000 after buying an additional 425 shares during the period. Insigneo Advisory Services LLC lifted its position in Diageo by 15.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 5,063 shares of the company’s stock valued at $711,000 after acquiring an additional 668 shares during the period. Voya Financial Advisors Inc. boosted its stake in Diageo by 7.5% during the third quarter. Voya Financial Advisors Inc. now owns 15,244 shares of the company’s stock worth $2,146,000 after acquiring an additional 1,061 shares in the last quarter. Wellington Management Group LLP grew its holdings in Diageo by 6.9% in the third quarter. Wellington Management Group LLP now owns 991,459 shares of the company’s stock worth $139,141,000 after purchasing an additional 64,367 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of Diageo by 37.7% during the third quarter. Stifel Financial Corp now owns 307,891 shares of the company’s stock valued at $43,209,000 after purchasing an additional 84,280 shares in the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Trading Down 0.4 %

NYSE:DEO opened at $122.99 on Friday. The stock has a market cap of $68.42 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 3.27 and a beta of 0.69. 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 company’s 50 day moving average price is $127.37 and its 200-day moving average price is $129.56. Diageo plc has a 52 week low of $117.72 and a 52 week high of $154.71.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently 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.