Diageo plc (NYSE:DEO) Shares Acquired by Private Trust Co. NA

Private Trust Co. NA lifted its stake in Diageo plc (NYSE:DEO) by 23.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,274 shares of the company’s stock after purchasing an additional 623 shares during the quarter. Private Trust Co. NA’s holdings in Diageo were worth $459,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bank of Hawaii increased its stake in shares of Diageo by 5.4% in the 3rd quarter. Bank of Hawaii now owns 2,886 shares of the company’s stock worth $405,000 after acquiring an additional 149 shares during the last quarter. Pekin Hardy Strauss Inc. grew its holdings in shares of Diageo by 19.4% in the third quarter. Pekin Hardy Strauss Inc. now owns 40,104 shares of the company’s stock valued at $5,628,000 after purchasing an additional 6,505 shares during the period. Summit Trail Advisors LLC increased its position in Diageo by 7.6% during the third quarter. Summit Trail Advisors LLC now owns 3,930 shares of the company’s stock worth $561,000 after purchasing an additional 276 shares during the last quarter. Centaurus Financial Inc. raised its stake in Diageo by 26.8% during the third quarter. Centaurus Financial Inc. now owns 4,216 shares of the company’s stock worth $592,000 after purchasing an additional 890 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in Diageo by 77.1% in the 3rd quarter. Larson Financial Group LLC now owns 604 shares of the company’s stock valued at $85,000 after purchasing an additional 263 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

Diageo stock opened at $118.66 on Thursday. The company’s 50 day simple moving average is $129.65 and its 200-day simple moving average is $130.63. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. Diageo plc has a 1 year low of $117.72 and a 1 year high of $154.71.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DEO. Royal Bank of Canada upgraded shares of 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 report on Thursday, September 12th. Three investment 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 MarketBeat, Diageo presently 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.