Diageo plc (NYSE:DEO) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in Diageo plc (NYSE:DEO) by 420.5% in the 3rd quarter, Holdings Channel reports. The firm owned 39,189 shares of the company’s stock after purchasing an additional 31,660 shares during the period. Quantinno Capital Management LP’s holdings in Diageo were worth $5,500,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC acquired a new stake in shares of Diageo in the second quarter valued at $25,000. 1620 Investment Advisors Inc. purchased a new position in Diageo during the 2nd quarter valued at about $25,000. Brooklyn Investment Group acquired a new position in Diageo in the 3rd quarter valued at about $25,000. Concord Wealth Partners purchased a new stake in Diageo during the third quarter worth about $38,000. Finally, Bruce G. Allen Investments LLC lifted its position in shares of Diageo by 1,395.0% during the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after purchasing an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Diageo Stock Down 0.4 %

Shares of Diageo stock opened at $122.99 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. Diageo plc has a 52-week low of $117.72 and a 52-week high of $154.71. The company has a market capitalization of $68.42 billion, a P/E ratio of 17.70, a P/E/G ratio of 3.27 and a beta of 0.69. The company has a 50 day moving average of $127.37 and a 200 day moving average of $129.56.

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.