Chicago Partners Investment Group LLC Purchases 125 Shares of Diageo plc (NYSE:DEO)

Chicago Partners Investment Group LLC grew its holdings in shares of Diageo plc (NYSE:DEO) by 6.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,948 shares of the company’s stock after buying an additional 125 shares during the period. Chicago Partners Investment Group LLC’s holdings in Diageo were worth $261,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Finally, The Goldman Sachs Group cut shares of Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Three investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Diageo Stock Up 0.3 %

Diageo stock opened at $123.95 on Wednesday. Diageo plc has a one year low of $119.48 and a one year high of $161.64. The business’s fifty day moving average is $133.23 and its 200 day moving average is $132.81. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

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.