1,560 Shares in Diageo plc (NYSE:DEO) Purchased by Sage Rhino Capital LLC

Sage Rhino Capital LLC acquired a new position in Diageo plc (NYSE:DEO) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,560 shares of the company’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DEO. Sunbelt Securities Inc. grew its stake in shares of Diageo by 4.1% during the 4th quarter. Sunbelt Securities Inc. now owns 1,728 shares of the company’s stock valued at $291,000 after purchasing an additional 68 shares during the period. JCIC Asset Management Inc. grew its stake in shares of Diageo by 12.5% during the 1st quarter. JCIC Asset Management Inc. now owns 675 shares of the company’s stock valued at $86,000 after purchasing an additional 75 shares during the period. CENTRAL TRUST Co grew its stake in shares of Diageo by 0.3% during the 1st quarter. CENTRAL TRUST Co now owns 31,175 shares of the company’s stock valued at $3,963,000 after purchasing an additional 78 shares during the period. Certified Advisory Corp grew its stake in shares of Diageo by 42.9% during the 2nd quarter. Certified Advisory Corp now owns 270 shares of the company’s stock valued at $36,000 after purchasing an additional 81 shares during the period. Finally, Sky Investment Group LLC grew its stake in shares of Diageo by 0.3% during the 1st quarter. Sky Investment Group LLC now owns 28,842 shares of the company’s stock valued at $3,666,000 after purchasing an additional 82 shares during the period. Institutional investors own 9.99% of the company’s stock.

Shares of NYSE DEO traded down $2.69 during trading hours on Friday, hitting $147.24. 425,236 shares of the company traded hands, compared to its average volume of 313,003. The stock has a market capitalization of $86.03 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 5.11 and a beta of 0.60. The company has a current ratio of 1.15, a quick ratio of 0.53 and a debt-to-equity ratio of 1.14. The company’s 50 day moving average price is $140.75 and its 200 day moving average price is $142.68. Diageo plc has a 12 month low of $100.52 and a 12 month high of $176.22.

A number of research analysts have recently weighed in on DEO shares. Bryan, Garnier & Co raised Diageo from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 8th. Citigroup cut Diageo from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. UBS Group reaffirmed a “buy” rating on shares of Diageo in a research report on Thursday, July 9th. Edward Jones cut Diageo from a “buy” rating to a “hold” rating in a research report on Thursday, April 23rd. Finally, Cfra lowered their price objective on Diageo from $166.00 to $123.00 and set a “hold” rating on the stock in a research report on Tuesday, May 26th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. Diageo has a consensus rating of “Hold” and an average price target of $134.50.

Diageo Profile

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.

Further Reading: Strike Price

Institutional Ownership by Quarter for Diageo (NYSE:DEO)

Receive News & Ratings for Diageo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo and related companies with MarketBeat.com's FREE daily email newsletter.