Assetmark Inc. Purchases 111,968 Shares of Diageo plc $DEO

Assetmark Inc. boosted its position in shares of Diageo plc (NYSE:DEO) by 95.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 229,780 shares of the company’s stock after acquiring an additional 111,968 shares during the quarter. Assetmark Inc.’s holdings in Diageo were worth $21,928,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DEO. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Diageo during the 2nd quarter valued at about $26,000. Arlington Trust Co LLC grew its position in Diageo by 3,885.7% during the third quarter. Arlington Trust Co LLC now owns 279 shares of the company’s stock valued at $27,000 after buying an additional 272 shares during the period. Bell Investment Advisors Inc increased its holdings in Diageo by 94.7% during the second quarter. Bell Investment Advisors Inc now owns 292 shares of the company’s stock valued at $29,000 after buying an additional 142 shares during the last quarter. New England Capital Financial Advisors LLC bought a new position in Diageo in the third quarter worth approximately $29,000. Finally, HHM Wealth Advisors LLC boosted its stake in shares of Diageo by 76.5% during the 2nd quarter. HHM Wealth Advisors LLC now owns 330 shares of the company’s stock worth $33,000 after acquiring an additional 143 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Down 0.9%

Shares of NYSE DEO opened at $99.19 on Friday. Diageo plc has a 52-week low of $84.52 and a 52-week high of $116.69. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64. The firm’s fifty day moving average is $90.14 and its two-hundred day moving average is $96.17.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DEO shares. Royal Bank Of Canada raised Diageo from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 6th. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research report on Wednesday, January 21st. Sanford C. Bernstein set a $124.00 price objective on Diageo and gave the company an “outperform” rating in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Diageo in a report on Friday, November 28th. Finally, UBS Group reiterated a “neutral” rating on shares of Diageo in a research report on Wednesday, December 3rd. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $116.50.

About Diageo

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.