MML Investors Services LLC Raises Stake in Diageo plc (NYSE:DEO)

MML Investors Services LLC boosted its holdings in Diageo plc (NYSE:DEO) by 11.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 169,336 shares of the company’s stock after buying an additional 17,805 shares during the period. MML Investors Services LLC’s holdings in Diageo were worth $23,765,000 at the end of the most recent reporting period.

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

Diageo Price Performance

Shares of DEO opened at $123.81 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 business’s 50 day moving average is $127.04 and its two-hundred day moving average is $129.41. Diageo plc has a 52-week low of $117.72 and a 52-week high of $154.71.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Finally, Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently 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.