Sigma Planning Corp Buys 754 Shares of Diageo plc (NYSE:DEO)

Sigma Planning Corp grew its stake in Diageo plc (NYSE:DEO) by 14.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,965 shares of the company’s stock after purchasing an additional 754 shares during the quarter. Sigma Planning Corp’s holdings in Diageo were worth $837,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DEO. Bank of Montreal Can raised its position in shares of Diageo by 1,034.5% in the second quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock valued at $104,443,000 after purchasing an additional 729,166 shares during the period. Hsbc Holdings PLC raised its position in shares of Diageo by 416.0% in the second quarter. Hsbc Holdings PLC now owns 521,920 shares of the company’s stock valued at $65,939,000 after purchasing an additional 420,778 shares during the period. Raymond James & Associates raised its position in shares of Diageo by 52.3% in the third quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock valued at $119,800,000 after purchasing an additional 293,017 shares during the period. Confluence Investment Management LLC raised its position in shares of Diageo by 30.5% in the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock valued at $170,623,000 after purchasing an additional 284,046 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its position in shares of Diageo by 12,174.6% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 246,229 shares of the company’s stock valued at $31,045,000 after purchasing an additional 244,223 shares during the period. 8.97% of the stock is owned by institutional investors.

Diageo Price Performance

NYSE:DEO opened at $119.20 on Thursday. Diageo plc has a 52 week low of $117.84 and a 52 week high of $154.71. The firm’s 50-day simple moving average is $132.12 and its 200 day simple moving average is $132.12. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

Wall Street Analyst Weigh In

A number of research firms recently commented on DEO. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock 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.