Carlton Hofferkamp & Jenks Wealth Management LLC Has $775,000 Position in Diageo plc (NYSE:DEO)

Carlton Hofferkamp & Jenks Wealth Management LLC lowered its holdings in shares of Diageo plc (NYSE:DEO) by 6.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,520 shares of the company’s stock after selling 379 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Diageo were worth $775,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Addison Advisors LLC boosted its stake in Diageo by 108.2% during the third quarter. Addison Advisors LLC now owns 406 shares of the company’s stock worth $57,000 after buying an additional 211 shares in the last quarter. Catalytic Wealth RIA LLC boosted its stake in shares of Diageo by 25.2% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 5,793 shares of the company’s stock valued at $813,000 after purchasing an additional 1,166 shares in the last quarter. Chartwell Investment Partners LLC grew its holdings in shares of Diageo by 4.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 32,138 shares of the company’s stock worth $4,510,000 after purchasing an additional 1,481 shares during the last quarter. Legacy Capital Wealth Partners LLC grew its holdings in shares of Diageo by 103.2% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 5,642 shares of the company’s stock worth $792,000 after purchasing an additional 2,866 shares during the last quarter. Finally, Sigma Planning Corp grew its holdings in shares of Diageo by 14.5% in the 3rd quarter. Sigma Planning Corp now owns 5,965 shares of the company’s stock worth $837,000 after purchasing an additional 754 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DEO. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Diageo Stock Performance

Shares of NYSE DEO opened at $119.67 on Wednesday. The firm’s 50-day simple moving average is $132.12 and its 200 day simple moving average is $132.12. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. Diageo plc has a 12-month low of $118.35 and a 12-month high of $154.71.

Diageo Profile

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.