Summit Trail Advisors LLC Boosts Stock Position in Diageo plc (NYSE:DEO)

Summit Trail Advisors LLC lifted its stake in Diageo plc (NYSE:DEO) by 7.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,930 shares of the company’s stock after acquiring an additional 276 shares during the period. Summit Trail Advisors LLC’s holdings in Diageo were worth $561,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Triad Wealth Partners LLC bought a new position in Diageo in the 2nd quarter worth about $25,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Diageo in the second quarter worth about $25,000. Beacon Capital Management LLC boosted its position in shares of Diageo by 777.3% in the first quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after acquiring an additional 171 shares during the period. Concord Wealth Partners purchased a new position in Diageo during the third quarter valued at approximately $38,000. Finally, Bruce G. Allen Investments LLC increased its holdings in Diageo by 1,395.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after acquiring an additional 279 shares during the period. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. 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. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Diageo presently has a consensus rating of “Hold”.

Diageo Trading Down 1.4 %

DEO stock opened at $118.72 on Wednesday. The firm has a 50 day simple moving average of $129.94 and a two-hundred day simple moving average of $130.72. Diageo plc has a one year low of $117.72 and a one year high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

About Diageo

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.