Cetera Investment Advisers Boosts Position in Diageo plc $DEO

Cetera Investment Advisers boosted its holdings in Diageo plc (NYSE:DEO) by 9.1% in the second quarter, HoldingsChannel.com reports. The firm owned 132,297 shares of the company’s stock after buying an additional 11,014 shares during the quarter. Cetera Investment Advisers’ holdings in Diageo were worth $13,341,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DEO. Truvestments Capital LLC purchased a new position in shares of Diageo in the 1st quarter valued at $30,000. Cheviot Value Management LLC purchased a new position in shares of Diageo during the first quarter worth about $31,000. Whipplewood Advisors LLC increased its position in shares of Diageo by 84.0% during the second quarter. Whipplewood Advisors LLC now owns 357 shares of the company’s stock worth $36,000 after purchasing an additional 163 shares in the last quarter. Financial Network Wealth Advisors LLC lifted its holdings in shares of Diageo by 63.0% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 427 shares of the company’s stock valued at $45,000 after purchasing an additional 165 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in shares of Diageo in the 2nd quarter valued at about $49,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

DEO has been the topic of several research analyst reports. The Goldman Sachs Group raised Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a report on Wednesday, October 8th. Bank of America decreased their price target on shares of Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a research note on Friday, September 26th. Finally, Zacks Research lowered shares of Diageo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $119.00.

Diageo Stock Performance

Shares of NYSE DEO opened at $88.78 on Thursday. The business’s 50-day moving average price is $95.55 and its two-hundred day moving average price is $103.35. Diageo plc has a one year low of $86.57 and a one year high of $132.34. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.64 and a current ratio of 1.63.

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.