Diageo plc (NYSE:DEO) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its position in shares of Diageo plc (NYSE:DEO) by 6.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,391 shares of the company’s stock after acquiring an additional 4,459 shares during the period. PNC Financial Services Group Inc.’s holdings in Diageo were worth $10,861,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC acquired a new stake in shares of Diageo during the second quarter worth $25,000. 1620 Investment Advisors Inc. bought a new stake in shares of Diageo during the 2nd quarter valued at about $25,000. Beacon Capital Management LLC raised its stake in Diageo by 777.3% during the first quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock worth $29,000 after acquiring an additional 171 shares during the period. Concord Wealth Partners bought a new position in Diageo in the third quarter worth about $38,000. Finally, Bruce G. Allen Investments LLC boosted its stake in 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 acquiring an additional 279 shares during the period. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Up 1.7 %

Shares of Diageo stock opened at $120.07 on Friday. Diageo plc has a 12-month low of $117.72 and a 12-month high of $154.71. The firm has a market capitalization of $66.79 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 3.40 and a beta of 0.71. 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 stock’s fifty day moving average is $130.48 and its 200-day moving average is $131.17.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DEO shares. 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 raised Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Three research analysts have rated the stock with a sell rating, three have given 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 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.