Clearstead Advisors LLC Has $472,000 Stock Position in Diageo plc (NYSE:DEO)

Clearstead Advisors LLC grew its position in shares of Diageo plc (NYSE:DEOFree Report) by 89.1% in the third quarter, HoldingsChannel reports. The fund owned 3,166 shares of the company’s stock after acquiring an additional 1,492 shares during the period. Clearstead Advisors LLC’s holdings in Diageo were worth $472,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DEO. Sei Investments Co. boosted its position in Diageo by 6.8% during the 1st quarter. Sei Investments Co. now owns 47,667 shares of the company’s stock worth $9,647,000 after acquiring an additional 3,034 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Diageo by 27.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,749 shares of the company’s stock worth $762,000 after acquiring an additional 816 shares during the last quarter. Merit Financial Group LLC boosted its position in Diageo by 19.2% during the 1st quarter. Merit Financial Group LLC now owns 1,228 shares of the company’s stock worth $249,000 after acquiring an additional 198 shares during the last quarter. Ergoteles LLC boosted its position in Diageo by 34.3% during the 1st quarter. Ergoteles LLC now owns 1,366 shares of the company’s stock worth $277,000 after acquiring an additional 349 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Diageo by 33.5% during the 1st quarter. Prudential Financial Inc. now owns 6,788 shares of the company’s stock worth $1,379,000 after purchasing an additional 1,704 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Up 0.1 %

DEO opened at $144.65 on Wednesday. Diageo plc has a 1-year low of $135.63 and a 1-year high of $190.02. The stock’s fifty day simple moving average is $142.56 and its 200 day simple moving average is $154.00. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.62 and a current ratio of 1.63.

Analysts Set New Price Targets

DEO has been the topic of a number of analyst reports. BNP Paribas cut Diageo from a “neutral” rating to an “underperform” rating in a research note on Friday, January 12th. Argus cut Diageo from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. StockNews.com initiated coverage on Diageo in a research note on Thursday, October 5th. They set a “hold” rating on the stock. UBS Group cut Diageo from a “neutral” rating to a “sell” rating in a research note on Tuesday, December 5th. Finally, JPMorgan Chase & Co. cut Diageo from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 29th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Diageo presently has a consensus rating of “Hold” and an average target price of $3,898.33.

View Our Latest Analysis on Diageo

About Diageo

(Free Report)

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, cacha├ža, 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.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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