RBO & Co. LLC Buys 1,802 Shares of Diageo plc (NYSE:DEO)

RBO & Co. LLC increased its stake in Diageo plc (NYSE:DEO) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,747 shares of the company’s stock after buying an additional 1,802 shares during the quarter. Diageo makes up 2.4% of RBO & Co. LLC’s holdings, making the stock its 20th biggest position. RBO & Co. LLC’s holdings in Diageo were worth $15,402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. grew its position in shares of Diageo by 42.7% in the 1st quarter. Russell Investments Group Ltd. now owns 1,136 shares of the company’s stock valued at $169,000 after acquiring an additional 340 shares during the period. Advisors Asset Management Inc. increased its position in Diageo by 18.8% during the first quarter. Advisors Asset Management Inc. now owns 5,128 shares of the company’s stock worth $763,000 after buying an additional 813 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Diageo by 2.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 73,870 shares of the company’s stock valued at $10,988,000 after buying an additional 1,454 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in shares of Diageo by 15.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 7,966 shares of the company’s stock valued at $1,208,000 after buying an additional 1,050 shares during the last quarter. Finally, Hancock Whitney Corp bought a new position in shares of Diageo during the 1st quarter worth approximately $292,000. 8.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DEO has been the subject of several research reports. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Diageo Trading Down 1.4 %

Diageo stock opened at $118.72 on Wednesday. The stock has a fifty day moving average of $129.94 and a 200-day moving average of $130.72. Diageo plc has a 52 week low of $117.72 and a 52 week high of $154.71. 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 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.