31,275 Shares in Diageo plc $DEO Purchased by Royal Fund Management LLC

Royal Fund Management LLC acquired a new stake in Diageo plc (NYSE:DEO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,275 shares of the company’s stock, valued at approximately $2,984,000.

Other large investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC increased its holdings in shares of Diageo by 111.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,484 shares of the company’s stock valued at $523,000 after acquiring an additional 2,896 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in Diageo by 186.6% in the third quarter. Evergreen Capital Management LLC now owns 12,406 shares of the company’s stock worth $1,184,000 after purchasing an additional 8,077 shares during the period. Arlington Trust Co LLC increased its stake in Diageo by 3,885.7% during the third quarter. Arlington Trust Co LLC now owns 279 shares of the company’s stock valued at $27,000 after purchasing an additional 272 shares during the last quarter. Arlington Partners LLC raised its holdings in shares of Diageo by 13.7% during the third quarter. Arlington Partners LLC now owns 48,200 shares of the company’s stock worth $4,600,000 after purchasing an additional 5,803 shares during the period. Finally, Country Trust Bank raised its holdings in shares of Diageo by 51.6% during the third quarter. Country Trust Bank now owns 379 shares of the company’s stock worth $36,000 after purchasing an additional 129 shares during the period. Institutional investors own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DEO. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Diageo in a report on Friday, November 28th. Barclays restated an “overweight” rating on shares of Diageo in a research note on Thursday, December 11th. UBS Group reaffirmed a “neutral” rating on shares of Diageo in a report on Wednesday, December 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a report on Wednesday, October 8th. Finally, Bank of America reduced their price objective on Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $116.50.

Diageo Stock Performance

DEO opened at $88.54 on Monday. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64. The business’s 50 day moving average is $89.51 and its 200-day moving average is $97.58. Diageo plc has a twelve month low of $84.52 and a twelve month high of $125.94.

Diageo Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.