Smith Salley & Associates increased its stake in shares of Diageo plc (NYSE:DEO) by 4.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,114 shares of the company’s stock after buying an additional 1,583 shares during the quarter. Smith Salley & Associates’ holdings in Diageo were worth $4,833,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Winslow Evans & Crocker Inc. grew its stake in shares of Diageo by 39.1% in the third quarter. Winslow Evans & Crocker Inc. now owns 10,334 shares of the company’s stock worth $1,466,000 after purchasing an additional 2,904 shares in the last quarter. Colony Group LLC bought a new position in shares of Diageo in the second quarter worth $214,000. Hartford Financial Management Inc. grew its stake in shares of Diageo by 6,000.0% in the second quarter. Hartford Financial Management Inc. now owns 6,100 shares of the company’s stock worth $878,000 after purchasing an additional 6,000 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Diageo by 255.3% in the second quarter. Envestnet Asset Management Inc. now owns 174,314 shares of the company’s stock worth $25,104,000 after purchasing an additional 125,249 shares in the last quarter. Finally, Earnest Partners LLC grew its stake in shares of Diageo by 12.9% in the second quarter. Earnest Partners LLC now owns 5,094 shares of the company’s stock worth $734,000 after purchasing an additional 582 shares in the last quarter. Hedge funds and other institutional investors own 11.32% of the company’s stock.
Shares of Diageo stock opened at $142.33 on Friday. The company has a quick ratio of 0.58, a current ratio of 1.37 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $88.50 billion, a PE ratio of 22.41, a PEG ratio of 2.65 and a beta of 0.62. Diageo plc has a fifty-two week low of $131.22 and a fifty-two week high of $151.30.
Several research firms have recently issued reports on DEO. Argus began coverage on Diageo in a research note on Friday, July 13th. They issued a “buy” rating and a $168.00 price target for the company. Zacks Investment Research raised Diageo from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Diageo has an average rating of “Buy” and an average price target of $158.40.
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Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
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