Centennial Wealth Advisory LLC Acquires Shares of 1,436 Diageo plc (NYSE:DEO)

Centennial Wealth Advisory LLC acquired a new position in shares of Diageo plc (NYSE:DEO) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,436 shares of the company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds also recently modified their holdings of DEO. Triad Wealth Partners LLC purchased a new position in Diageo in the 2nd quarter worth approximately $25,000. 1620 Investment Advisors Inc. purchased a new position in shares of Diageo in the second quarter valued at $25,000. Beacon Capital Management LLC grew its holdings 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 purchasing an additional 171 shares in the last quarter. Concord Wealth Partners acquired a new position in Diageo in the 3rd quarter worth $38,000. Finally, Bruce G. Allen Investments LLC boosted its position in Diageo by 1,395.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock valued at $42,000 after buying an additional 279 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Down 3.5 %

DEO stock opened at $119.60 on Thursday. The stock’s 50 day simple moving average is $132.96 and its 200 day simple moving average is $132.72. 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 12-month low of $118.35 and a 12-month high of $161.64.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. The Goldman Sachs Group cut Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Finally, Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Three investment 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. Based on data from MarketBeat, the stock has an average 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.