Logan Capital Management Inc. Buys 487 Shares of Diageo plc (NYSE:DEO)

Logan Capital Management Inc. raised its stake in Diageo plc (NYSE:DEO) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,887 shares of the company’s stock after purchasing an additional 487 shares during the period. Logan Capital Management Inc.’s holdings in Diageo were worth $3,212,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DEO. FMR LLC raised its stake in Diageo by 9.1% during the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock worth $735,671,000 after buying an additional 437,646 shares during the period. Markel Group Inc. raised its position in shares of Diageo by 0.5% during the second quarter. Markel Group Inc. now owns 1,366,708 shares of the company’s stock worth $172,315,000 after purchasing an additional 6,300 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Diageo by 13.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company’s stock worth $176,042,000 after purchasing an additional 147,920 shares during the period. Confluence Investment Management LLC lifted its holdings in shares of Diageo by 30.5% in the 3rd quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after purchasing an additional 284,046 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Diageo by 7.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,127,576 shares of the company’s stock valued at $142,165,000 after purchasing an additional 74,745 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Up 1.7 %

DEO opened at $131.49 on Friday. Diageo plc has a fifty-two week low of $117.72 and a fifty-two week high of $154.71. The company’s 50-day moving average is $126.19 and its 200 day moving average is $129.26. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday. Finally, Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently 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.