Diageo plc (NYSE:DEO) Shares Purchased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. raised its position in Diageo plc (NYSE:DEO) by 15.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 7,966 shares of the company’s stock after acquiring an additional 1,050 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Diageo were worth $1,208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Scarborough Advisors LLC bought a new position in shares of Diageo in the fourth quarter worth $25,000. Concord Wealth Partners bought a new position in shares of Diageo in the first quarter valued at approximately $29,000. Addison Advisors LLC increased its stake in shares of Diageo by 97.3% during the fourth quarter. Addison Advisors LLC now owns 217 shares of the company’s stock valued at $32,000 after acquiring an additional 107 shares during the period. Criterion Capital Advisors LLC bought a new stake in Diageo during the fourth quarter worth approximately $36,000. Finally, Accent Capital Management LLC acquired a new stake in Diageo in the fourth quarter worth approximately $44,000. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

Shares of NYSE DEO opened at $123.56 on Thursday. The business has a fifty day simple moving average of $131.01 and a 200-day simple moving average of $139.82. Diageo plc has a 12 month low of $123.05 and a 12 month high of $175.06. The company has a quick ratio of 0.65, a current ratio of 1.58 and a debt-to-equity ratio of 1.73.

Analyst Ratings Changes

Several brokerages have recently issued reports on DEO. Citigroup upgraded Diageo from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 3rd. The Goldman Sachs Group downgraded shares of Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $3,730.00.

About Diageo

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.