Berkeley Capital Partners LLC Invests $1.29 Million in Diageo plc $DEO

Berkeley Capital Partners LLC purchased a new stake in shares of Diageo plc (NYSE:DEO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,519 shares of the company’s stock, valued at approximately $1,290,000.

Several other institutional investors have also recently bought and sold shares of DEO. Dorsey & Whitney Trust CO LLC boosted its position in Diageo by 3.0% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 3,287 shares of the company’s stock valued at $331,000 after buying an additional 96 shares during the last quarter. Pavion Blue Capital LLC boosted its holdings in Diageo by 0.4% in the second quarter. Pavion Blue Capital LLC now owns 26,367 shares of the company’s stock valued at $2,659,000 after acquiring an additional 112 shares during the last quarter. Retirement Planning Co of New England Inc. increased its position in Diageo by 2.0% in the third quarter. Retirement Planning Co of New England Inc. now owns 5,684 shares of the company’s stock worth $542,000 after purchasing an additional 114 shares during the period. Three Bridge Wealth Advisors LLC raised its holdings in Diageo by 2.0% during the 3rd quarter. Three Bridge Wealth Advisors LLC now owns 6,246 shares of the company’s stock worth $596,000 after purchasing an additional 124 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in Diageo by 10.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,341 shares of the company’s stock worth $135,000 after purchasing an additional 125 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Up 1.4%

DEO stock opened at $96.47 on Friday. Diageo plc has a 1-year low of $84.52 and a 1-year 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 business’s 50-day moving average price is $90.94 and its two-hundred day moving average price is $96.12.

Analyst Ratings Changes

Several brokerages have recently commented on DEO. Royal Bank Of Canada upgraded shares of Diageo from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 6th. Zacks Research lowered shares of Diageo from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Sanford C. Bernstein set a $124.00 price target on Diageo and gave the company an “outperform” rating in a research note on Monday, December 29th. UBS Group restated a “neutral” rating on shares of Diageo in a research report on Wednesday, December 3rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research note on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $116.50.

Diageo Profile

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.