Zions Bancorporation N.A. Acquires 36,656 Shares of Diageo plc (NYSE:DEO)

Zions Bancorporation N.A. boosted its holdings in Diageo plc (NYSE:DEO) by 17,372.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,867 shares of the company’s stock after acquiring an additional 36,656 shares during the quarter. Zions Bancorporation N.A.’s holdings in Diageo were worth $5,174,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Triad Wealth Partners LLC bought a new stake in Diageo during the second quarter worth about $25,000. 1620 Investment Advisors Inc. bought a new stake in Diageo during the second quarter worth about $25,000. Beacon Capital Management LLC grew its stake in Diageo by 777.3% during the first quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock worth $29,000 after buying an additional 171 shares during the last quarter. Concord Wealth Partners bought a new stake in Diageo during the third quarter worth about $38,000. Finally, Bruce G. Allen Investments LLC grew its stake in Diageo by 1,395.0% during 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.

Diageo Trading Down 0.4 %

Shares of NYSE DEO opened at $119.20 on Thursday. The company’s 50 day simple moving average is $131.91 and its 200 day simple moving average is $132.03. Diageo plc has a fifty-two week low of $117.84 and a fifty-two week high of $154.71. The firm has a market capitalization of $66.31 billion, a P/E ratio of 16.93, a P/E/G ratio of 3.41 and a beta of 0.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

Wall Street Analysts Forecast Growth

DEO has been the topic of a number of research reports. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average 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.