Allspring Global Investments Holdings LLC Increases Stock Holdings in Diageo plc (NYSE:DEO)

Allspring Global Investments Holdings LLC increased its holdings in shares of Diageo plc (NYSE:DEO) by 38.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,323 shares of the company’s stock after buying an additional 643 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Diageo were worth $326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DEO. First Trust Direct Indexing L.P. grew its stake in Diageo by 18.0% during the 1st quarter. First Trust Direct Indexing L.P. now owns 5,668 shares of the company’s stock valued at $843,000 after purchasing an additional 863 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in Diageo by 3.8% during the 1st quarter. J.W. Cole Advisors Inc. now owns 2,158 shares of the company’s stock valued at $321,000 after purchasing an additional 78 shares during the last quarter. Private Advisor Group LLC grew its stake in Diageo by 4.6% during the 1st quarter. Private Advisor Group LLC now owns 15,289 shares of the company’s stock valued at $2,274,000 after purchasing an additional 668 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in Diageo during the 1st quarter valued at about $544,000. Finally, Sequoia Financial Advisors LLC grew its stake in Diageo by 3.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 4,374 shares of the company’s stock valued at $651,000 after purchasing an additional 152 shares during the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DEO has been the topic of several research analyst reports. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. The Goldman Sachs Group downgraded Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Finally, Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Diageo Trading Up 0.0 %

Shares of DEO stock opened at $124.21 on Friday. The business has a 50-day simple moving average of $133.68 and a 200-day simple moving average of $133.10. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. Diageo plc has a 52-week low of $119.48 and a 52-week high of $161.64.

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.