Managed Asset Portfolios LLC Has $4.53 Million Stock Holdings in Diageo plc (NYSE:DEO)

Managed Asset Portfolios LLC grew its stake in shares of Diageo plc (NYSE:DEO) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,257 shares of the company’s stock after purchasing an additional 386 shares during the period. Managed Asset Portfolios LLC’s holdings in Diageo were worth $4,527,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DEO. Russell Investments Group Ltd. raised its stake in Diageo by 42.7% during the 1st quarter. Russell Investments Group Ltd. now owns 1,136 shares of the company’s stock valued at $169,000 after purchasing an additional 340 shares during the period. Advisors Asset Management Inc. boosted its position in Diageo by 18.8% during the 1st quarter. Advisors Asset Management Inc. now owns 5,128 shares of the company’s stock worth $763,000 after acquiring an additional 813 shares during the period. Toronto Dominion Bank grew its stake in Diageo by 0.9% during the 1st quarter. Toronto Dominion Bank now owns 9,949 shares of the company’s stock valued at $1,480,000 after acquiring an additional 90 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Diageo by 0.9% in the 1st quarter. Lazard Asset Management LLC now owns 137,292 shares of the company’s stock valued at $20,420,000 after purchasing an additional 1,224 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Diageo by 2.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 73,870 shares of the company’s stock valued at $10,988,000 after purchasing an additional 1,454 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Up 1.7 %

Shares of NYSE DEO opened at $120.09 on Friday. The business has a 50 day simple moving average of $130.48 and a 200 day simple moving average of $131.12. Diageo plc has a 52 week low of $117.72 and a 52 week high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.