Arkadios Wealth Advisors Buys New Shares in Diageo plc (NYSE:DEO)

Arkadios Wealth Advisors acquired a new position in shares of Diageo plc (NYSE:DEO) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,407 shares of the company’s stock, valued at approximately $338,000.

Several other institutional investors also recently bought and sold shares of DEO. Bank of Montreal Can grew its stake in Diageo by 1,034.5% during the second quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock worth $104,443,000 after buying an additional 729,166 shares during the period. Hsbc Holdings PLC grew its stake in Diageo by 416.0% during the second quarter. Hsbc Holdings PLC now owns 521,920 shares of the company’s stock worth $65,939,000 after buying an additional 420,778 shares during the period. Raymond James & Associates grew its stake in Diageo by 52.3% during the third quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock worth $119,800,000 after buying an additional 293,017 shares during the period. Fort Washington Investment Advisors Inc. OH grew its stake in Diageo by 12,174.6% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 246,229 shares of the company’s stock worth $31,045,000 after buying an additional 244,223 shares during the period. Finally, Mediolanum International Funds Ltd purchased a new stake in Diageo during the third quarter worth approximately $24,995,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DEO shares. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Citigroup upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 3rd. The Goldman Sachs Group downgraded shares of Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Finally, Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Diageo Trading Down 1.9 %

DEO opened at $127.66 on Thursday. The stock has a market capitalization of $71.01 billion, a PE ratio of 18.19, a P/E/G ratio of 3.84 and a beta of 0.69. The firm’s fifty day moving average price is $134.06 and its 200 day moving average price is $133.28. 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 12-month low of $119.48 and a 12-month high of $161.64.

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.