1,508 Shares in Diageo plc (NYSE:DEO) Bought by Schulhoff & Co. Inc.

Schulhoff & Co. Inc. purchased a new position in Diageo plc (NYSE:DEO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,508 shares of the company’s stock, valued at approximately $212,000.

Several other hedge funds also recently added to or reduced their stakes in DEO. Confluence Investment Management LLC raised its holdings in shares of Diageo by 30.5% in the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after buying an additional 284,046 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of Diageo by 16.4% during the 1st quarter. QRG Capital Management Inc. now owns 7,185 shares of the company’s stock worth $1,069,000 after buying an additional 1,011 shares during the period. Cetera Investment Advisers grew its position in shares of Diageo by 461.4% in the first quarter. Cetera Investment Advisers now owns 70,630 shares of the company’s stock valued at $10,506,000 after purchasing an additional 58,048 shares during the period. International Assets Investment Management LLC purchased a new stake in Diageo during the 3rd quarter worth approximately $9,769,000. Finally, Eldred Rock Partners LLC increased its position in shares of Diageo by 120.5% during the third quarter. Eldred Rock Partners LLC now owns 54,769 shares of the company’s stock worth $7,752,000 after purchasing an additional 29,928 shares in the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Down 0.4 %

Shares of NYSE:DEO opened at $119.20 on Thursday. The firm has a 50 day simple moving average of $131.91 and a 200-day simple moving average of $132.03. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. Diageo plc has a twelve month low of $117.84 and a twelve month high of $154.71. The company has a market capitalization of $66.31 billion, a PE ratio of 16.93, a P/E/G ratio of 3.41 and a beta of 0.71.

Analyst Upgrades and Downgrades

DEO has been the subject of several analyst reports. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold”.

Diageo Company 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.