Drucker Wealth 3.0 LLC Increases Position in Diageo plc (NYSE:DEO)

Drucker Wealth 3.0 LLC increased its position in Diageo plc (NYSE:DEO) by 29.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,161 shares of the company’s stock after acquiring an additional 2,097 shares during the period. Drucker Wealth 3.0 LLC’s holdings in Diageo were worth $1,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DEO. Triad Wealth Partners LLC acquired a new position in shares of Diageo in the second quarter valued at about $25,000. 1620 Investment Advisors Inc. acquired a new position in Diageo in the 2nd quarter worth approximately $25,000. Brooklyn Investment Group purchased a new position in Diageo during the 3rd quarter worth approximately $25,000. Concord Wealth Partners acquired a new stake in Diageo during the 3rd quarter valued at approximately $38,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in shares of Diageo by 1,395.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock valued at $42,000 after acquiring an additional 279 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Down 0.4 %

NYSE:DEO opened at $122.99 on Monday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo plc has a 52 week low of $117.72 and a 52 week high of $154.71. The stock’s 50-day moving average price is $127.37 and its 200-day moving average price is $129.50.

Analyst Ratings Changes

DEO has been the subject of a number of recent research reports. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Thursday. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Finally, Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Diageo presently has an average rating of “Hold”.

Diageo 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.