Schulhoff & Co. Inc. Makes New $212,000 Investment in Diageo plc (NYSE:DEO)

Schulhoff & Co. Inc. bought a new position in shares of Diageo plc (NYSE:DEO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,508 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Counselors Inc. grew its holdings in shares of Diageo by 3.3% in the 2nd quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock worth $326,000 after acquiring an additional 83 shares during the period. PFG Investments LLC raised its stake in Diageo by 3.4% during the second quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock worth $317,000 after purchasing an additional 83 shares during the period. Global Retirement Partners LLC boosted its holdings in Diageo by 1.1% in the third quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock valued at $1,143,000 after acquiring an additional 85 shares during the last quarter. Gradient Investments LLC grew its holdings in shares of Diageo by 2.8% during the 2nd quarter. Gradient Investments LLC now owns 3,181 shares of the company’s stock worth $401,000 after purchasing an additional 86 shares during the period. Finally, Toronto Dominion Bank grew its stake in Diageo by 0.9% during the first quarter. Toronto Dominion Bank now owns 9,949 shares of the company’s stock worth $1,480,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analyst Ratings Changes

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

Diageo Stock Performance

Shares of DEO opened at $119.20 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The firm has a fifty day moving average of $131.91 and a 200-day moving average of $132.03. The company has a market cap of $66.31 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 3.41 and a beta of 0.71. Diageo plc has a 1 year low of $117.84 and a 1 year high of $154.71.

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.