Diageo plc (NYSE:DEO) Stake Decreased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC decreased its position in shares of Diageo plc (NYSE:DEO) by 2.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 5,221 shares of the company’s stock after selling 113 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Diageo were worth $733,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DEO. Triad Wealth Partners LLC acquired a new position in shares of Diageo during the 2nd quarter valued at $25,000. 1620 Investment Advisors Inc. bought a new stake in shares of Diageo in the 2nd quarter worth $25,000. Beacon Capital Management LLC raised its stake in shares of Diageo by 777.3% in the 1st quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock worth $29,000 after buying an additional 171 shares in the last quarter. Concord Wealth Partners bought a new stake in shares of Diageo in the 3rd quarter worth $38,000. Finally, Bruce G. Allen Investments LLC raised its stake in shares of Diageo by 1,395.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after buying an additional 279 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research note 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 equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Diageo Price Performance

Shares of Diageo stock opened at $119.67 on Wednesday. The stock’s fifty day moving average is $132.32 and its 200-day moving average is $132.26. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. Diageo plc has a 12-month low of $118.35 and a 12-month high of $154.71.

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.