Assetmark Inc. Acquires 8,775 Shares of Diageo plc (NYSE:DEO)

Assetmark Inc. raised its holdings in Diageo plc (NYSE:DEO) by 160.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,235 shares of the company’s stock after acquiring an additional 8,775 shares during the quarter. Assetmark Inc.’s holdings in Diageo were worth $1,998,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Financial Counselors Inc. raised its position in shares of Diageo by 3.3% in the 2nd quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock valued at $326,000 after acquiring an additional 83 shares during the period. PFG Investments LLC boosted its position in shares of Diageo by 3.4% during the second quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock worth $317,000 after purchasing an additional 83 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Diageo by 1.1% in the 3rd quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock valued at $1,143,000 after buying an additional 85 shares during the period. Gradient Investments LLC increased its position in shares of Diageo by 2.8% in the 2nd quarter. Gradient Investments LLC now owns 3,181 shares of the company’s stock valued at $401,000 after buying an additional 86 shares in the last quarter. Finally, Toronto Dominion Bank raised its stake in Diageo by 0.9% during the 1st quarter. Toronto Dominion Bank now owns 9,949 shares of the company’s stock worth $1,480,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Price Performance

Shares of Diageo stock opened at $119.20 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The stock’s 50-day moving average is $132.12 and its 200-day moving average is $132.12. Diageo plc has a one year low of $117.84 and a one year high of $154.71.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DEO shares. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.