Erste Asset Management GmbH Buys Shares of 52,237 Diageo plc (NYSE:DEO)

Erste Asset Management GmbH purchased a new position in shares of Diageo plc (NYSE:DEO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 52,237 shares of the company’s stock, valued at approximately $7,331,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DEO. Financial Counselors Inc. boosted its position in Diageo by 3.3% during the 2nd quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock worth $326,000 after buying an additional 83 shares during the period. PFG Investments LLC lifted its holdings in shares of Diageo by 3.4% during the second quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock worth $317,000 after purchasing an additional 83 shares during the period. Global Retirement Partners LLC grew its stake in shares of Diageo by 1.1% in the third quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock worth $1,143,000 after purchasing an additional 85 shares during the last quarter. Gradient Investments LLC increased its holdings in Diageo by 2.8% in the second quarter. Gradient Investments LLC now owns 3,181 shares of the company’s stock valued at $401,000 after purchasing an additional 86 shares during the period. Finally, Pinnacle West Asset Management Inc. increased its holdings in Diageo by 3.6% in the second quarter. Pinnacle West Asset Management Inc. now owns 2,590 shares of the company’s stock valued at $327,000 after purchasing an additional 90 shares during the period. 8.97% of the stock is currently owned by institutional investors.

Diageo Trading Up 0.6 %

Shares of NYSE DEO opened at $119.36 on Monday. 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 twelve month low of $117.72 and a twelve month high of $154.71. The firm has a fifty day simple moving average of $129.03 and a 200 day simple moving average of $130.21.

Analyst Ratings Changes

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

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.