Townsquare Capital LLC Buys 1,923 Shares of Diageo plc (NYSE:DEO)

Townsquare Capital LLC increased its position in Diageo plc (NYSE:DEO) by 5.5% in the third quarter, Holdings Channel.com reports. The fund owned 36,795 shares of the company’s stock after acquiring an additional 1,923 shares during the quarter. Townsquare Capital LLC’s holdings in Diageo were worth $5,164,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its position in shares of Diageo by 42.7% during the 1st quarter. Russell Investments Group Ltd. now owns 1,136 shares of the company’s stock valued at $169,000 after purchasing an additional 340 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Diageo by 2.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 73,870 shares of the company’s stock worth $10,988,000 after buying an additional 1,454 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in Diageo by 15.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 7,966 shares of the company’s stock worth $1,208,000 after acquiring an additional 1,050 shares during the last quarter. Hancock Whitney Corp purchased a new stake in shares of Diageo in the 1st quarter valued at about $292,000. Finally, Atria Investments Inc boosted its position in shares of Diageo by 36.5% during the 1st quarter. Atria Investments Inc now owns 46,249 shares of the company’s stock valued at $6,880,000 after acquiring an additional 12,379 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on DEO. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. 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. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Diageo currently has an average rating of “Hold”.

Diageo Price Performance

Shares of NYSE DEO opened at $118.65 on Friday. The stock’s 50-day moving average is $129.31 and its 200 day moving average is $130.55. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. Diageo plc has a 1-year low of $117.72 and a 1-year high of $154.71.

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.