Hara Capital LLC Makes New Investment in Diageo plc (NYSE:DEO)

Hara Capital LLC acquired a new position in shares of Diageo plc (NYSE:DEO) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,585 shares of the company’s stock, valued at approximately $222,000.

Several other institutional investors also recently bought and sold shares of the business. Clearbridge Investments LLC grew its stake in Diageo by 7.0% during the first quarter. Clearbridge Investments LLC now owns 2,351,654 shares of the company’s stock worth $349,785,000 after buying an additional 154,497 shares during the period. Markel Group Inc. grew its stake in Diageo by 0.5% during the second quarter. Markel Group Inc. now owns 1,366,708 shares of the company’s stock worth $172,315,000 after buying an additional 6,300 shares during the period. Envestnet Asset Management Inc. grew its stake in Diageo by 7.1% during the second quarter. Envestnet Asset Management Inc. now owns 1,127,576 shares of the company’s stock worth $142,165,000 after buying an additional 74,745 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Diageo by 2.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,106,473 shares of the company’s stock worth $139,504,000 after purchasing an additional 23,435 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its position in shares of Diageo by 10.5% during the second quarter. Confluence Investment Management LLC now owns 931,740 shares of the company’s stock worth $117,474,000 after purchasing an additional 88,159 shares in the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on DEO shares. 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 raised shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Finally, The Goldman Sachs Group cut shares of Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Diageo Stock Up 2.2 %

DEO traded up $2.62 during trading on Thursday, hitting $122.26. The company had a trading volume of 197,229 shares, compared to its average volume of 750,994. The business has a 50-day moving average of $132.96 and a 200-day moving average of $132.72. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. Diageo plc has a 1-year low of $118.35 and a 1-year high of $161.64.

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.