Diageo plc $DEO Stock Bought by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC lifted its holdings in Diageo plc (NYSE:DEO) by 21.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,779 shares of the company’s stock after purchasing an additional 5,925 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Diageo were worth $2,891,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE lifted its stake in Diageo by 3.7% during the first quarter. Bank of America Corp DE now owns 2,913,707 shares of the company’s stock valued at $216,925,000 after purchasing an additional 103,531 shares during the last quarter. Equity Investment Corp grew its position in Diageo by 0.3% in the third quarter. Equity Investment Corp now owns 1,673,224 shares of the company’s stock worth $143,228,000 after buying an additional 5,715 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Diageo by 53.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,372,808 shares of the company’s stock worth $102,124,000 after buying an additional 477,999 shares during the last quarter. Gabelli Funds LLC increased its holdings in shares of Diageo by 15.7% in the first quarter. Gabelli Funds LLC now owns 659,821 shares of the company’s stock valued at $49,124,000 after buying an additional 89,771 shares in the last quarter. Finally, Douglas Lane & Associates LLC increased its holdings in shares of Diageo by 1.3% in the third quarter. Douglas Lane & Associates LLC now owns 504,919 shares of the company’s stock valued at $43,221,000 after buying an additional 6,648 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DEO has been the subject of a number of recent research reports. Sanford C. Bernstein reiterated a “buy” rating on shares of Diageo in a research report on Tuesday, October 13th. Royal Bank Of Canada restated a “buy” rating on shares of Diageo in a report on Sunday, August 23rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Diageo in a research report on Tuesday, October 13th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Diageo in a research report on Monday, August 10th. Finally, Barclays reaffirmed a “buy” rating on shares of Diageo in a report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $99.75.

Diageo Price Performance

NYSE DEO opened at $99.97 on Friday. Diageo plc has a twelve month low of $72.45 and a twelve month high of $102.74. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 1.53. The firm’s 50 day moving average price is $90.74 and its two-hundred day moving average price is $86.29.

About Diageo

Diageo plc is a global beverage company that produces and markets alcoholic drinks, including spirits, beer and ready-to-drink products. Its portfolio includes brands such as Johnnie Walker, Guinness, Smirnoff, Baileys, Tanqueray and Captain Morgan. The company sells its products in markets around the world through a combination of owned operations, distributors and other commercial partners. Its offerings span categories including Scotch whisky, vodka, gin, rum, tequila, liqueurs and stout. Diageo was formed in 1997 through the merger of Guinness and Grand Metropolitan.