West Family Investments Inc. Invests $263,000 in Diageo plc (NYSE:DEO)

West Family Investments Inc. purchased a new position in shares of Diageo plc (NYSE:DEO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,871 shares of the company’s stock, valued at approximately $263,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Confluence Investment Management LLC boosted its position in shares of Diageo by 30.5% during the third 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. Cetera Investment Advisers boosted its holdings in Diageo by 461.4% during the 1st quarter. Cetera Investment Advisers now owns 70,630 shares of the company’s stock valued at $10,506,000 after acquiring an additional 58,048 shares during the period. International Assets Investment Management LLC bought a new position in Diageo in the 3rd quarter valued at $9,769,000. CIBC Asset Management Inc increased its stake in 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. Finally, Eldred Rock Partners LLC lifted its position in shares of Diageo by 120.5% during the third quarter. Eldred Rock Partners LLC now owns 54,769 shares of the company’s stock worth $7,752,000 after purchasing an additional 29,928 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Performance

DEO opened at $119.22 on Wednesday. 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 12-month low of $117.84 and a 12-month high of $154.71. The business’s fifty day simple moving average is $131.21 and its 200-day simple moving average is $131.47.

Wall Street Analyst Weigh In

DEO has been the topic of a number of research analyst reports. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.