Diageo plc $DEO Shares Acquired by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC boosted its holdings in Diageo plc (NYSE:DEO) by 992.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,311 shares of the company’s stock after purchasing an additional 1,191 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Diageo were worth $132,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Confluence Investment Management LLC lifted its position in shares of Diageo by 14.0% during the 2nd quarter. Confluence Investment Management LLC now owns 1,350,826 shares of the company’s stock worth $136,217,000 after buying an additional 165,839 shares during the last quarter. Raymond James Financial Inc. raised its stake in Diageo by 9.8% during the 1st quarter. Raymond James Financial Inc. now owns 1,069,567 shares of the company’s stock worth $112,080,000 after acquiring an additional 95,037 shares in the last quarter. Cambiar Investors LLC raised its stake in Diageo by 6.7% during the 2nd quarter. Cambiar Investors LLC now owns 517,688 shares of the company’s stock worth $52,204,000 after acquiring an additional 32,430 shares in the last quarter. LPL Financial LLC lifted its position in Diageo by 2.2% in the first quarter. LPL Financial LLC now owns 434,735 shares of the company’s stock valued at $45,556,000 after acquiring an additional 9,306 shares during the last quarter. Finally, Douglas Lane & Associates LLC boosted its stake in Diageo by 11.7% in the second quarter. Douglas Lane & Associates LLC now owns 419,290 shares of the company’s stock valued at $42,281,000 after acquiring an additional 44,011 shares in the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DEO. The Goldman Sachs Group upgraded Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Zacks Research lowered Diageo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Bank of America decreased their price objective on Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a report on Friday, September 26th. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Diageo in a research report on Friday. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $119.00.

Diageo Stock Performance

Diageo stock opened at $91.60 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.64 and a current ratio of 1.63. The business has a 50 day simple moving average of $94.24 and a 200-day simple moving average of $102.19. Diageo plc has a 12 month low of $86.57 and a 12 month high of $132.34.

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.