Private Trust Co. NA Raises Stock Position in Diageo plc (NYSE:DEO)

Private Trust Co. NA boosted its stake in shares of Diageo plc (NYSE:DEO) by 23.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,274 shares of the company’s stock after purchasing an additional 623 shares during the period. Private Trust Co. NA’s holdings in Diageo were worth $459,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Triad Wealth Partners LLC acquired a new stake in Diageo during the second quarter worth about $25,000. 1620 Investment Advisors Inc. acquired a new stake in Diageo during the second quarter valued at $25,000. Beacon Capital Management LLC grew its position in shares of Diageo by 777.3% during the 1st quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after acquiring an additional 171 shares during the period. Concord Wealth Partners acquired a new stake in Diageo in the third quarter valued at approximately $38,000. Finally, Bruce G. Allen Investments LLC lifted its position in shares of Diageo by 1,395.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock valued at $42,000 after buying an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. 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 analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold”.

Diageo Stock Down 0.0 %

Shares of DEO opened at $118.66 on Thursday. The stock has a 50 day moving average price of $129.65 and a 200 day moving average price of $130.63. Diageo plc has a one year low of $117.72 and a one year high of $154.71. 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 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.