Fiduciary Trust Co Increases Position in Diageo plc (NYSE:DEO)

Fiduciary Trust Co raised its holdings in shares of Diageo plc (NYSE:DEO) by 5.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 18,259 shares of the company’s stock after purchasing an additional 903 shares during the quarter. Fiduciary Trust Co’s holdings in Diageo were worth $2,562,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. RBO & Co. LLC boosted its position in shares of Diageo by 1.7% during the third quarter. RBO & Co. LLC now owns 109,747 shares of the company’s stock valued at $15,402,000 after buying an additional 1,802 shares during the period. Townsquare Capital LLC boosted its position in shares of Diageo by 5.5% during the third quarter. Townsquare Capital LLC now owns 36,795 shares of the company’s stock valued at $5,164,000 after buying an additional 1,923 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Diageo by 32.8% during the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after buying an additional 16,285 shares during the period. Principal Street Partners LLC boosted its position in shares of Diageo by 99.7% during the third quarter. Principal Street Partners LLC now owns 4,844 shares of the company’s stock valued at $680,000 after buying an additional 2,418 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of Diageo during the third quarter valued at approximately $25,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

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

Diageo Trading Down 0.1 %

Diageo stock opened at $118.65 on Friday. The company has a 50 day moving average price of $129.31 and a 200-day moving average price of $130.55. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. Diageo plc has a fifty-two week low of $117.72 and a fifty-two week 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.