39,264 Shares in Diageo plc (NYSE:DEO) Acquired by World Investment Advisors LLC

World Investment Advisors LLC acquired a new stake in Diageo plc (NYSE:DEO) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 39,264 shares of the company’s stock, valued at approximately $5,510,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brooklyn Investment Group acquired a new stake in shares of Diageo during the 3rd quarter valued at about $25,000. 1620 Investment Advisors Inc. acquired a new stake in Diageo in the second quarter valued at approximately $25,000. Triad Wealth Partners LLC bought a new stake in Diageo in the second quarter worth approximately $25,000. Concord Wealth Partners acquired a new position in shares of Diageo during the 3rd quarter worth $38,000. Finally, Bruce G. Allen Investments LLC raised its holdings in shares of Diageo by 1,395.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock valued at $42,000 after purchasing an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DEO. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Diageo Stock Up 2.0 %

Shares of NYSE:DEO opened at $129.24 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The stock’s 50-day moving average is $126.31 and its 200-day moving average is $129.30. Diageo plc has a 52-week low of $117.72 and a 52-week 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.