Cerity Partners LLC Increases Holdings in Diageo plc (NYSE:DEO)

Cerity Partners LLC increased its stake in Diageo plc (NYSE:DEO) by 12.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 53,043 shares of the company’s stock after buying an additional 5,665 shares during the quarter. Cerity Partners LLC’s holdings in Diageo were worth $7,447,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC purchased a new position in Diageo in the second quarter valued at about $25,000. 1620 Investment Advisors Inc. bought a new stake in shares of Diageo in the 2nd quarter worth approximately $25,000. Beacon Capital Management LLC lifted its stake 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 purchasing an additional 171 shares during the last quarter. Concord Wealth Partners bought a new position in Diageo during the third quarter valued at $38,000. Finally, Bruce G. Allen Investments LLC increased its position 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 buying an additional 279 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on DEO shares. 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 upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Three research 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Diageo Price Performance

Shares of NYSE DEO opened at $118.66 on Thursday. The stock has a fifty day moving average of $129.65 and a 200-day moving average of $130.63. 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 plc has a fifty-two week low of $117.72 and a fifty-two week high of $154.71.

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.