Raymond James Trust N.A. Buys 3,869 Shares of Diageo plc (NYSE:DEO)

Raymond James Trust N.A. boosted its stake in shares of Diageo plc (NYSE:DEO) by 37.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,222 shares of the company’s stock after acquiring an additional 3,869 shares during the period. Raymond James Trust N.A.’s holdings in Diageo were worth $1,996,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DEO. CIBC Asset Management Inc increased its position in shares of Diageo by 106.2% in the third quarter. CIBC Asset Management Inc now owns 31,643 shares of the company’s stock worth $4,441,000 after purchasing an additional 16,300 shares during the period. Confluence Investment Management LLC increased its holdings in Diageo by 30.5% in the 3rd quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock valued at $170,623,000 after buying an additional 284,046 shares during the period. Grandfield & Dodd LLC raised its position in shares of Diageo by 2.3% in the 3rd quarter. Grandfield & Dodd LLC now owns 240,013 shares of the company’s stock valued at $33,684,000 after buying an additional 5,460 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Diageo by 461.4% in the 1st quarter. Cetera Investment Advisers now owns 70,630 shares of the company’s stock valued at $10,506,000 after buying an additional 58,048 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Diageo during the 3rd quarter worth approximately $9,769,000. Institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

DEO has been the subject of several research analyst reports. 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 raised Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Diageo Trading Up 1.7 %

Shares of NYSE:DEO opened at $120.09 on Friday. 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. The firm has a 50 day simple moving average of $130.48 and a 200 day simple moving average of $131.12.

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.