Financial Counselors Inc. Acquires 392 Shares of Diageo plc (NYSE:DEO)

Financial Counselors Inc. raised its holdings in shares of Diageo plc (NYSE:DEO) by 15.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,979 shares of the company’s stock after purchasing an additional 392 shares during the quarter. Financial Counselors Inc.’s holdings in Diageo were worth $418,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Diageo by 2.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 73,870 shares of the company’s stock worth $10,988,000 after buying an additional 1,454 shares during the period. Cetera Investment Advisers lifted its position in Diageo by 461.4% during the first quarter. Cetera Investment Advisers now owns 70,630 shares of the company’s stock worth $10,506,000 after acquiring an additional 58,048 shares during the last quarter. Cetera Advisors LLC boosted its holdings in shares of Diageo by 167.7% during the first quarter. Cetera Advisors LLC now owns 10,417 shares of the company’s stock worth $1,549,000 after acquiring an additional 6,525 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Diageo by 140.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock worth $233,000 after purchasing an additional 983 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Diageo by 38.6% during the second quarter. GAMMA Investing LLC now owns 2,947 shares of the company’s stock worth $371,000 after purchasing an additional 821 shares during the period. 8.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DEO has been the subject of several recent research reports. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Diageo presently has an average rating of “Hold”.

Diageo Trading Up 0.6 %

Shares of NYSE:DEO opened at $119.36 on Friday. The business’s 50 day simple moving average is $129.03 and its 200 day simple moving average is $130.30. Diageo plc has a 1 year low of $117.72 and a 1 year high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. The company has a market capitalization of $66.40 billion, a P/E ratio of 17.08, a P/E/G ratio of 3.38 and a beta of 0.71.

About 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.