Diageo plc (NYSE:DEO) Shares Bought by William Allan Corp

William Allan Corp raised its stake in shares of Diageo plc (NYSE:DEO) by 7.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,857 shares of the company’s stock after acquiring an additional 622 shares during the period. William Allan Corp’s holdings in Diageo were worth $1,243,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DEO. Infusive Asset Management Inc. boosted its position in shares of Diageo by 26.5% during the 3rd quarter. Infusive Asset Management Inc. now owns 31,038 shares of the company’s stock worth $4,356,000 after purchasing an additional 6,510 shares during the period. Icon Wealth Advisors LLC boosted its position in shares of Diageo by 50.4% during the third quarter. Icon Wealth Advisors LLC now owns 1,782 shares of the company’s stock worth $250,000 after buying an additional 597 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Diageo by 26.2% in the third quarter. Hantz Financial Services Inc. now owns 39,166 shares of the company’s stock valued at $5,497,000 after buying an additional 8,131 shares in the last quarter. Northwest & Ethical Investments L.P. raised its holdings in shares of Diageo by 44.2% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 3,779 shares of the company’s stock valued at $530,000 after buying an additional 1,158 shares during the period. Finally, Financial Counselors Inc. lifted its stake in Diageo by 15.2% during the 3rd quarter. Financial Counselors Inc. now owns 2,979 shares of the company’s stock worth $418,000 after acquiring an additional 392 shares in the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DEO shares. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Diageo has a consensus rating of “Hold”.

Diageo Price Performance

DEO opened at $118.65 on Friday. The business has a fifty day moving average price of $129.31 and a 200 day moving average price of $130.55. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. Diageo plc has a 12 month low of $117.72 and a 12 month high of $154.71.

Diageo Profile

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.