Cetera Investment Advisers Buys 11,014 Shares of Diageo plc $DEO

Cetera Investment Advisers raised its position in shares of Diageo plc (NYSE:DEO) by 9.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 132,297 shares of the company’s stock after purchasing an additional 11,014 shares during the period. Cetera Investment Advisers’ holdings in Diageo were worth $13,341,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Philip James Wealth Mangement LLC raised its holdings in Diageo by 81.8% in the second quarter. Philip James Wealth Mangement LLC now owns 33,107 shares of the company’s stock worth $3,338,000 after purchasing an additional 14,895 shares in the last quarter. Martin Capital Partners LLC grew its holdings in shares of Diageo by 225.8% during the second quarter. Martin Capital Partners LLC now owns 32,525 shares of the company’s stock valued at $3,280,000 after buying an additional 22,542 shares during the last quarter. Carnegie Investment Counsel boosted its position in Diageo by 2,331.0% in the first quarter. Carnegie Investment Counsel now owns 41,036 shares of the company’s stock valued at $4,178,000 after buying an additional 39,348 shares during the last quarter. Savant Capital LLC purchased a new stake in shares of Diageo in the 2nd quarter valued at $310,000. Finally, Cobblestone Capital Advisors LLC NY grew its holdings in Diageo by 5.1% during the second quarter. Cobblestone Capital Advisors LLC NY now owns 127,388 shares of the company’s stock worth $12,846,000 after acquiring an additional 6,145 shares during the period. 8.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research note on Wednesday, October 8th. Zacks Research lowered Diageo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. The Goldman Sachs Group upgraded shares of Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Finally, Bank of America lowered their price target on Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a report on Friday, September 26th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Diageo currently has a consensus rating of “Hold” and an average target price of $119.00.

Diageo Stock Performance

Shares of Diageo stock opened at $88.78 on Thursday. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64. Diageo plc has a 52-week low of $86.57 and a 52-week high of $132.34. The company has a 50 day moving average of $95.55 and a 200 day moving average of $103.35.

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.