Pinnacle Wealth Planning Services Inc. Has $530,000 Position in Diageo plc (NYSE:DEO)

Pinnacle Wealth Planning Services Inc. raised its stake in shares of Diageo plc (NYSE:DEO) by 12.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,560 shares of the company’s stock after buying an additional 385 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Diageo were worth $530,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Scarborough Advisors LLC bought a new stake in Diageo in the 4th quarter valued at approximately $25,000. Planned Solutions Inc. acquired a new position in shares of Diageo during the 4th quarter worth approximately $27,000. Concord Wealth Partners acquired a new position in shares of Diageo during the 1st quarter worth approximately $29,000. Addison Advisors LLC increased its holdings in shares of Diageo by 97.3% during the 4th quarter. Addison Advisors LLC now owns 217 shares of the company’s stock worth $32,000 after acquiring an additional 107 shares during the last quarter. Finally, Criterion Capital Advisors LLC acquired a new position in shares of Diageo during the 4th quarter worth approximately $36,000. Institutional investors own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DEO. Citigroup raised Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. The Goldman Sachs Group lowered Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $3,730.00.

Diageo Trading Down 0.4 %

NYSE DEO traded down $0.57 on Friday, reaching $128.49. The stock had a trading volume of 1,223,746 shares, compared to its average volume of 622,847. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58. The firm has a fifty day moving average of $133.01 and a two-hundred day moving average of $140.57. Diageo plc has a 1-year low of $124.80 and a 1-year high of $178.89.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.