CORDA Investment Management LLC. Purchases 5,066 Shares of Diageo plc (NYSE:DEO)

CORDA Investment Management LLC. grew its position in Diageo plc (NYSE:DEO) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 232,077 shares of the company’s stock after purchasing an additional 5,066 shares during the period. Diageo comprises about 2.5% of CORDA Investment Management LLC.’s portfolio, making the stock its 18th largest position. CORDA Investment Management LLC.’s holdings in Diageo were worth $32,570,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Citizens National Bank Trust Department grew its stake in Diageo by 19.8% in the third quarter. Citizens National Bank Trust Department now owns 14,060 shares of the company’s stock valued at $1,973,000 after acquiring an additional 2,325 shares during the period. Fullcircle Wealth LLC grew its stake in Diageo by 98.9% in the third quarter. Fullcircle Wealth LLC now owns 8,927 shares of the company’s stock valued at $1,191,000 after acquiring an additional 4,438 shares during the period. Chicago Partners Investment Group LLC grew its stake in Diageo by 6.9% in the third quarter. Chicago Partners Investment Group LLC now owns 1,948 shares of the company’s stock valued at $261,000 after acquiring an additional 125 shares during the period. Cambiar Investors LLC grew its stake in Diageo by 11.3% in the third quarter. Cambiar Investors LLC now owns 465,409 shares of the company’s stock valued at $65,315,000 after acquiring an additional 47,263 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its stake in Diageo by 7.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,695 shares of the company’s stock valued at $238,000 after acquiring an additional 121 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Up 0.9 %

Diageo stock opened at $125.29 on Monday. Diageo plc has a 12 month low of $119.48 and a 12 month high of $161.64. The stock’s 50 day moving average is $133.68 and its 200-day moving average is $133.05. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DEO shares. Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. The Goldman Sachs Group lowered Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Finally, Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

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.