Prospera Private Wealth LLC Invests $651,000 in Diageo plc (NYSE:DEO)

Prospera Private Wealth LLC bought a new position in Diageo plc (NYSE:DEO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,640 shares of the company’s stock, valued at approximately $651,000.

Other large investors have also made changes to their positions in the company. Bank of Montreal Can grew its holdings in Diageo by 1,034.5% during the 2nd quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock worth $104,443,000 after acquiring an additional 729,166 shares during the last quarter. Natixis Advisors LLC grew its holdings in Diageo by 105.7% during the 3rd quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock worth $133,240,000 after acquiring an additional 487,904 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Diageo by 416.0% during the 2nd quarter. Hsbc Holdings PLC now owns 521,920 shares of the company’s stock worth $65,939,000 after acquiring an additional 420,778 shares during the last quarter. Raymond James & Associates grew its holdings in Diageo by 52.3% during the 3rd quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock worth $119,800,000 after acquiring an additional 293,017 shares during the last quarter. Finally, Confluence Investment Management LLC grew its holdings in Diageo by 30.5% during the 3rd quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after acquiring an additional 284,046 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Diageo Stock Up 0.2 %

Shares of NYSE:DEO opened at $119.44 on Thursday. The firm’s 50 day simple moving average is $131.02 and its 200 day simple moving average is $131.38. 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 fifty-two week low of $117.84 and a fifty-two week high of $154.71.

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.