Kingsview Wealth Management LLC Has $355,000 Holdings in Diageo plc (NYSE:DEO)

Kingsview Wealth Management LLC lifted its position in Diageo plc (NYSE:DEO) by 25.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,529 shares of the company’s stock after purchasing an additional 517 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Diageo were worth $355,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DEO. Russell Investments Group Ltd. raised its stake in shares of Diageo by 42.7% in the first quarter. Russell Investments Group Ltd. now owns 1,136 shares of the company’s stock valued at $169,000 after purchasing an additional 340 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Diageo by 2.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 73,870 shares of the company’s stock valued at $10,988,000 after purchasing an additional 1,454 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Diageo by 15.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 7,966 shares of the company’s stock valued at $1,208,000 after purchasing an additional 1,050 shares in the last quarter. Hancock Whitney Corp acquired a new position in shares of Diageo in the first quarter valued at $292,000. Finally, Atria Investments Inc raised its stake in shares of Diageo by 36.5% in the first quarter. Atria Investments Inc now owns 46,249 shares of the company’s stock valued at $6,880,000 after purchasing an additional 12,379 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Price Performance

Diageo stock opened at $118.65 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The stock has a fifty day moving average price of $129.31 and a two-hundred day moving average price of $130.55. Diageo plc has a 52-week low of $117.72 and a 52-week high of $154.71.

Analyst Ratings Changes

DEO has been the subject of a number of recent research reports. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.