2,633 Shares in Diageo plc (NYSE:DEO) Bought by Pitcairn Co.

Pitcairn Co. bought a new position in shares of Diageo plc (NYSE:DEO) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 2,633 shares of the company’s stock, valued at approximately $370,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Financial Counselors Inc. boosted its holdings in Diageo by 3.3% in the second quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock valued at $326,000 after acquiring an additional 83 shares during the last quarter. PFG Investments LLC boosted its stake in shares of Diageo by 3.4% in the 2nd quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock valued at $317,000 after purchasing an additional 83 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of Diageo by 1.1% during the third quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock worth $1,143,000 after buying an additional 85 shares during the period. Gradient Investments LLC raised its stake in Diageo by 2.8% during the second quarter. Gradient Investments LLC now owns 3,181 shares of the company’s stock worth $401,000 after buying an additional 86 shares during the last quarter. Finally, Pinnacle West Asset Management Inc. lifted its holdings in Diageo by 3.6% in the second quarter. Pinnacle West Asset Management Inc. now owns 2,590 shares of the company’s stock valued at $327,000 after buying an additional 90 shares during the period. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Down 1.4 %

NYSE:DEO opened at $118.72 on Wednesday. Diageo plc has a 12 month low of $117.72 and a 12 month high of $154.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The firm has a fifty day simple moving average of $129.94 and a two-hundred day simple moving average of $130.72.

Analyst Ratings Changes

A number of brokerages have weighed in on DEO. 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 Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently 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.