Icon Wealth Advisors LLC Has $2.06 Million Holdings in Diageo plc (NYSE:DEO)

Icon Wealth Advisors LLC increased its holdings in Diageo plc (NYSE:DEO) by 1,139.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,688 shares of the company’s stock after purchasing an additional 13,503 shares during the period. Icon Wealth Advisors LLC’s holdings in Diageo were worth $2,061,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Triad Wealth Partners LLC acquired a new stake in shares of Diageo in the second quarter worth $25,000. 1620 Investment Advisors Inc. bought a new position in Diageo in the 2nd quarter worth $25,000. Beacon Capital Management LLC raised its holdings in Diageo by 777.3% in the 1st quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock worth $29,000 after acquiring an additional 171 shares during the period. Concord Wealth Partners acquired a new position in Diageo during the 3rd quarter worth $38,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in Diageo by 1,395.0% during the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock valued at $42,000 after acquiring an additional 279 shares during the period. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Performance

NYSE:DEO opened at $120.07 on Friday. The firm’s 50-day moving average is $130.48 and its 200-day moving average is $131.17. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo plc has a 52-week low of $117.72 and a 52-week high of $154.71.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DEO. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

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.