FNY Investment Advisers LLC purchased a new stake in shares of Diageo plc (NYSE:DEO) during the third quarter, Holdings Channel reports. The firm purchased 4,350 shares of the company’s stock, valued at approximately $616,000.

Other large investors have also made changes to their positions in the company. Atria Investments LLC boosted its position in Diageo by 3.4% during the 2nd quarter. Atria Investments LLC now owns 10,336 shares of the company’s stock valued at $1,488,000 after acquiring an additional 344 shares in the last quarter. Segment Wealth Management LLC boosted its position in Diageo by 1.9% during the 2nd quarter. Segment Wealth Management LLC now owns 19,082 shares of the company’s stock valued at $2,748,000 after acquiring an additional 350 shares in the last quarter. Advisor Partners LLC boosted its position in Diageo by 6.6% during the 2nd quarter. Advisor Partners LLC now owns 5,754 shares of the company’s stock valued at $829,000 after acquiring an additional 354 shares in the last quarter. Stony Point Wealth Management Inc. boosted its position in Diageo by 4.9% during the 3rd quarter. Stony Point Wealth Management Inc. now owns 7,810 shares of the company’s stock valued at $1,106,000 after acquiring an additional 365 shares in the last quarter. Finally, M Holdings Securities Inc. boosted its position in Diageo by 13.9% during the 2nd quarter. M Holdings Securities Inc. now owns 3,008 shares of the company’s stock valued at $433,000 after acquiring an additional 368 shares in the last quarter. Institutional investors own 11.30% of the company’s stock.

Shares of DEO opened at $141.50 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.37 and a quick ratio of 0.58. Diageo plc has a 52 week low of $131.22 and a 52 week high of $151.30.

Separately, Zacks Investment Research raised Diageo from a “sell” rating to a “hold” rating in a research report on Wednesday, September 5th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $158.40.

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Diageo Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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