Malaga Cove Capital LLC grew its stake in shares of Diageo plc (NYSE:DEO – Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,001 shares of the company’s stock after acquiring an additional 100 shares during the quarter. Malaga Cove Capital LLC’s holdings in Diageo were worth $421,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Triad Wealth Partners LLC acquired a new position in Diageo during the 2nd quarter valued at approximately $25,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Diageo during the second quarter valued at $25,000. Beacon Capital Management LLC increased its position in shares of Diageo by 777.3% in the 1st quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after acquiring an additional 171 shares during the period. Concord Wealth Partners purchased a new position in Diageo in the 3rd quarter worth $38,000. Finally, Bruce G. Allen Investments LLC lifted its position in Diageo by 1,395.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after acquiring an additional 279 shares during the period. 8.97% of the stock is owned by hedge funds and other institutional investors.
Diageo Trading Down 3.5 %
Shares of DEO opened at $119.60 on Thursday. The stock’s 50-day moving average price is $132.96 and its 200-day moving average price is $132.72. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo plc has a 52 week low of $118.35 and a 52 week high of $161.64.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on DEO
Diageo Company 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.
See Also
- Five stocks we like better than Diageo
- The Role Economic Reports Play in a Successful Investment Strategy
- 2 Online Educational Platforms Staging a Turnaround
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Top 3 Sectors Outperforming After Trump’s Victory
- How to Most Effectively Use the MarketBeat Earnings Screener
- Sono-Tek’s $2M Buyback: A Buying Opportunity in Clean Tech
Want to see what other hedge funds are holding DEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diageo plc (NYSE:DEO – Free Report).
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.