Moors & Cabot Inc. Raises Position in Diageo plc (NYSE:DEO)

Moors & Cabot Inc. raised its stake in Diageo plc (NYSE:DEO) by 20.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,585 shares of the company’s stock after purchasing an additional 2,655 shares during the quarter. Moors & Cabot Inc.’s holdings in Diageo were worth $2,187,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Triad Wealth Partners LLC purchased a new stake in shares of Diageo during the second quarter valued at approximately $25,000. 1620 Investment Advisors Inc. bought a new position in Diageo during the second quarter valued at $25,000. Beacon Capital Management LLC grew its holdings in Diageo by 777.3% during the first quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. Concord Wealth Partners bought a new position in Diageo during the third quarter valued at $38,000. Finally, Bruce G. Allen Investments LLC grew its holdings in Diageo by 1,395.0% during the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock valued at $42,000 after purchasing an additional 279 shares during the period. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Price Performance

Diageo stock opened at $119.44 on Thursday. Diageo plc has a one year low of $117.84 and a one year high of $154.71. The business has a fifty day moving average price of $131.02 and a 200-day moving average price of $131.38. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

Analyst Ratings Changes

DEO has been the subject of several research reports. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average 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.