Arkadios Wealth Advisors Makes New $338,000 Investment in Diageo plc (NYSE:DEO)

Arkadios Wealth Advisors bought a new position in shares of Diageo plc (NYSE:DEO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,407 shares of the company’s stock, valued at approximately $338,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Triad Wealth Partners LLC acquired a new stake in shares of Diageo during the second quarter worth $25,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Diageo in the 2nd quarter worth about $25,000. Beacon Capital Management LLC increased its holdings in shares of 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. Bruce G. Allen Investments LLC increased its holdings in shares of Diageo by 1,395.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after acquiring an additional 279 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Diageo in the 2nd quarter worth about $44,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DEO has been the topic of a number of analyst reports. 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 raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. The Goldman Sachs Group cut shares of Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Finally, Citigroup raised shares of Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

Diageo Stock Down 1.9 %

DEO stock opened at $127.66 on Thursday. Diageo plc has a 52 week low of $119.48 and a 52 week high of $161.64. The company has a market capitalization of $71.01 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 3.84 and a beta of 0.69. The firm’s 50-day moving average is $134.06 and its two-hundred day moving average is $133.28. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

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.