Diageo plc (NYSE:DEO) Shares Bought by Principal Street Partners LLC

Principal Street Partners LLC grew its holdings in shares of Diageo plc (NYSE:DEO) by 99.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,844 shares of the company’s stock after acquiring an additional 2,418 shares during the period. Principal Street Partners LLC’s holdings in Diageo were worth $680,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DEO. Brooklyn Investment Group bought a new stake in shares of Diageo in the 3rd quarter worth about $25,000. Beacon Capital Management LLC increased its holdings in Diageo by 777.3% in the first quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after buying an additional 171 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Diageo during the second quarter valued at approximately $25,000. Triad Wealth Partners LLC acquired a new position in shares of Diageo in the 2nd quarter worth approximately $25,000. Finally, Concord Wealth Partners bought a new stake in shares of Diageo in the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on DEO. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a report 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, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Diageo has an average rating of “Hold”.

Diageo Stock Down 1.0 %

DEO stock traded down $1.18 during mid-day trading on Tuesday, reaching $119.21. The company had a trading volume of 144,443 shares, compared to its average volume of 763,296. Diageo plc has a one year low of $117.72 and a one year high of $154.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The stock’s 50-day simple moving average is $130.23 and its two-hundred day simple moving average is $130.89.

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.