Tevis Investment Management Acquires 591 Shares of Diageo plc (NYSE:DEO)

Tevis Investment Management boosted its holdings in Diageo plc (NYSE:DEO) by 12.4% during the third quarter, Holdings Channel.com reports. The fund owned 5,341 shares of the company’s stock after buying an additional 591 shares during the quarter. Tevis Investment Management’s holdings in Diageo were worth $763,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Triad Wealth Partners LLC bought a new position in shares of Diageo in the second quarter worth approximately $25,000. 1620 Investment Advisors Inc. bought a new position in shares of Diageo in the 2nd quarter worth $25,000. Beacon Capital Management LLC increased its holdings in shares of Diageo by 777.3% in the 1st 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 purchased a new stake in shares of Diageo during the 3rd quarter valued at $38,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in shares of 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 last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

DEO has been the topic of a number of research reports. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Citigroup upgraded Diageo from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 3rd. Finally, The Goldman Sachs Group downgraded shares of Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Diageo presently has an average rating of “Hold”.

Diageo Stock Performance

Shares of DEO stock opened at $127.66 on Thursday. The company has a market capitalization of $71.01 billion, a P/E ratio of 18.19, a PEG ratio of 3.84 and a beta of 0.69. Diageo plc has a fifty-two week low of $119.48 and a fifty-two week high of $161.64. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The stock has a 50 day moving average price of $134.06 and a two-hundred day moving average price of $133.28.

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.