Advisors Asset Management Inc. Increases Position in Diageo plc (NYSE:DEO)

Advisors Asset Management Inc. raised its position in shares of Diageo plc (NYSE:DEO) by 35.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,050 shares of the company’s stock after purchasing an additional 2,100 shares during the period. Advisors Asset Management Inc.’s holdings in Diageo were worth $1,130,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Financial Counselors Inc. lifted its position in Diageo by 3.3% in the 2nd quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock worth $326,000 after buying an additional 83 shares during the last quarter. PFG Investments LLC boosted its stake in shares of Diageo by 3.4% in the 2nd quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock valued at $317,000 after purchasing an additional 83 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Diageo by 1.1% during the 3rd quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock valued at $1,143,000 after purchasing an additional 85 shares during the last quarter. Gradient Investments LLC raised its position in Diageo by 2.8% in the 2nd quarter. Gradient Investments LLC now owns 3,181 shares of the company’s stock worth $401,000 after purchasing an additional 86 shares during the period. Finally, Toronto Dominion Bank lifted its stake in Diageo by 0.9% in the first quarter. Toronto Dominion Bank now owns 9,949 shares of the company’s stock worth $1,480,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Up 0.2 %

NYSE DEO opened at $120.30 on Tuesday. Diageo plc has a 1 year low of $117.72 and a 1 year high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. The business’s 50-day moving average is $130.23 and its 200 day moving average is $130.89.

Wall Street Analyst Weigh In

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