Chicago Partners Investment Group LLC Grows Stock Holdings in Diageo plc (NYSE:DEO)

Chicago Partners Investment Group LLC lifted its position in Diageo plc (NYSE:DEO) by 6.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,948 shares of the company’s stock after purchasing an additional 125 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Diageo were worth $261,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC boosted its stake in Diageo by 4.6% in the first quarter. Private Advisor Group LLC now owns 15,289 shares of the company’s stock worth $2,274,000 after buying an additional 668 shares in the last quarter. Rehmann Capital Advisory Group grew its holdings in shares of Diageo by 3.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 4,106 shares of the company’s stock valued at $611,000 after purchasing an additional 118 shares during the last quarter. Avidian Wealth Solutions LLC raised its position in Diageo by 97.1% in the 1st quarter. Avidian Wealth Solutions LLC now owns 2,887 shares of the company’s stock worth $429,000 after purchasing an additional 1,422 shares during the period. Signaturefd LLC lifted its stake in Diageo by 8.8% in the first quarter. Signaturefd LLC now owns 7,876 shares of the company’s stock worth $1,171,000 after purchasing an additional 639 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Diageo by 2,128.6% during the first quarter. Geneos Wealth Management Inc. now owns 9,494 shares of the company’s stock valued at $1,412,000 after buying an additional 9,068 shares during the period. 8.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DEO shares. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. The Goldman Sachs Group lowered Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Finally, Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Three equities 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. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Diageo Stock Performance

NYSE DEO opened at $123.95 on Wednesday. Diageo plc has a fifty-two week low of $119.48 and a fifty-two week high of $161.64. The stock has a 50 day simple moving average of $133.23 and a two-hundred day simple moving average of $132.81. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

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.