Northwest & Ethical Investments L.P. Acquires 1,158 Shares of Diageo plc (NYSE:DEO)

Northwest & Ethical Investments L.P. lifted its holdings in shares of Diageo plc (NYSE:DEO) by 44.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,779 shares of the company’s stock after purchasing an additional 1,158 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Diageo were worth $530,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Triad Wealth Partners LLC bought a new position in shares of Diageo during the 2nd quarter worth $25,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Diageo during the second quarter worth $25,000. Brooklyn Investment Group bought a new position in shares of Diageo in the third quarter worth $25,000. Concord Wealth Partners purchased a new position in shares of Diageo in the third quarter valued at $38,000. Finally, Bruce G. Allen Investments LLC raised its stake in shares of Diageo by 1,395.0% during the 3rd 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 hedge funds and other institutional investors.

Analysts Set New Price Targets

DEO has been the topic of several analyst reports. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Diageo Stock Up 0.6 %

Shares of NYSE:DEO opened at $119.36 on Friday. The stock’s 50-day moving average is $129.03 and its 200 day moving average is $130.30. The company has a market cap of $66.40 billion, a PE ratio of 17.08, a P/E/G ratio of 3.38 and a beta of 0.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. Diageo plc has a 1 year low of $117.72 and a 1 year high of $154.71.

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.