Saybrook Capital NC Boosts Stock Holdings in Diageo plc (NYSE:DEO)

Share on StockTwits

Saybrook Capital NC grew its stake in shares of Diageo plc (NYSE:DEO) by 29.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,606 shares of the company’s stock after acquiring an additional 15,361 shares during the period. Diageo accounts for approximately 3.3% of Saybrook Capital NC’s portfolio, making the stock its 14th largest holding. Saybrook Capital NC’s holdings in Diageo were worth $9,307,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. MACRO Consulting Group grew its stake in shares of Diageo by 0.6% in the third quarter. MACRO Consulting Group now owns 11,381 shares of the company’s stock worth $1,481,000 after purchasing an additional 68 shares during the last quarter. Glenview Trust Co grew its holdings in shares of Diageo by 1.8% during the second quarter. Glenview Trust Co now owns 4,218 shares of the company’s stock worth $567,000 after buying an additional 75 shares in the last quarter. TFG Advisers LLC grew its holdings in shares of Diageo by 3.2% during the second quarter. TFG Advisers LLC now owns 2,429 shares of the company’s stock worth $326,000 after buying an additional 76 shares in the last quarter. Certified Advisory Corp grew its stake in Diageo by 42.9% in the second quarter. Certified Advisory Corp now owns 270 shares of the company’s stock valued at $36,000 after purchasing an additional 81 shares in the last quarter. Finally, Toronto Dominion Bank grew its stake in Diageo by 0.5% in the third quarter. Toronto Dominion Bank now owns 18,247 shares of the company’s stock valued at $2,520,000 after purchasing an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 8.30% of the company’s stock.

A number of research analysts have weighed in on DEO shares. UBS Group restated a “buy” rating on shares of Diageo in a research note on Monday, August 10th. Credit Suisse Group restated a “neutral” rating on shares of Diageo in a research note on Thursday, August 6th. Royal Bank of Canada restated a “sector perform” rating on shares of Diageo in a research note on Thursday, August 6th. Bank of America initiated coverage on Diageo in a research note on Thursday, October 15th. They issued a “buy” rating for the company. Finally, Jefferies Financial Group raised Diageo from an “underperform” rating to a “buy” rating and raised their price objective for the company from $109.00 to $164.00 in a research report on Wednesday, October 7th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $145.00.

Shares of DEO traded down $1.73 during mid-day trading on Friday, reaching $156.80. The company’s stock had a trading volume of 240,860 shares, compared to its average volume of 545,622. The stock has a market cap of $100.43 billion, a P/E ratio of 28.51, a PEG ratio of 3.74 and a beta of 0.55. The business has a 50-day simple moving average of $141.40 and a two-hundred day simple moving average of $139.33. The company has a current ratio of 1.77, a quick ratio of 0.88 and a debt-to-equity ratio of 1.80. Diageo plc has a 1-year low of $100.52 and a 1-year high of $171.29.

Diageo Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, adult beverages, cachaça, spirits, and brandy, as well as beer, including cider and non-alcoholic products.

Recommended Story: The Role of a Fiduciary and Individual Investors

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).

Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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.