HighTower Advisors LLC grew its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 16.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 120,686 shares of the company's stock after acquiring an additional 16,999 shares during the period. HighTower Advisors LLC's holdings in Diageo were worth $16,947,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Triad Wealth Partners LLC purchased a new stake in shares of Diageo during the second quarter valued at $25,000. 1620 Investment Advisors Inc. acquired a new stake in Diageo during the 2nd quarter worth about $25,000. Brooklyn Investment Group purchased a new stake in Diageo during the third quarter valued at about $25,000. Concord Wealth Partners acquired a new position in shares of Diageo in the third quarter worth about $38,000. Finally, Bruce G. Allen Investments LLC increased its position in shares of Diageo by 1,395.0% in the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company's stock worth $42,000 after acquiring an additional 279 shares in the last quarter. 8.97% of the stock is owned by institutional investors.
Diageo stock opened at $122.99 on Friday. Diageo plc has a twelve month low of $117.72 and a twelve month 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. The firm's 50 day moving average price is $127.73 and its two-hundred day moving average price is $129.76.
Several brokerages recently commented on DEO. Bank of America upgraded shares of Diageo from a "neutral" rating to a "buy" rating in a research report on Thursday, September 12th. Jefferies Financial Group raised Diageo from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Royal Bank of Canada raised Diageo from an "underperform" rating to a "sector perform" rating in a research report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Diageo has a consensus rating of "Hold".
Get Our Latest Analysis on Diageo
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.
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