8,149 Shares in Diageo plc (NYSE:DEO) Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC purchased a new position in Diageo plc (NYSE:DEO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,149 shares of the company’s stock, valued at approximately $1,144,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DEO. Envestnet Portfolio Solutions Inc. raised its holdings in Diageo by 47.6% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 18,918 shares of the company’s stock valued at $2,814,000 after buying an additional 6,105 shares during the last quarter. Atomi Financial Group Inc. raised its stake in shares of Diageo by 77.0% during the first quarter. Atomi Financial Group Inc. now owns 2,484 shares of the company’s stock valued at $369,000 after acquiring an additional 1,081 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of Diageo by 151.0% during the first quarter. Concurrent Investment Advisors LLC now owns 10,385 shares of the company’s stock worth $1,545,000 after purchasing an additional 6,248 shares during the period. Sei Investments Co. grew its stake in shares of Diageo by 2.0% in the first quarter. Sei Investments Co. now owns 131,111 shares of the company’s stock worth $19,499,000 after purchasing an additional 2,612 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in Diageo during the 1st quarter valued at about $604,000. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

Diageo stock opened at $120.43 on Monday. Diageo plc has a fifty-two week low of $118.35 and a fifty-two week high of $161.64. The stock’s 50 day simple moving average is $132.52 and its two-hundred day simple moving average is $132.44. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

Analysts Set New Price Targets

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

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.