Marble Harbor Investment Counsel LLC Acquires 5,925 Shares of Diageo plc $DEO

Marble Harbor Investment Counsel LLC raised its holdings in shares of Diageo plc (NYSE:DEO) by 21.3% during the 3rd quarter, HoldingsChannel reports. 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 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allworth Financial LP grew its position in Diageo by 4.0% during the third quarter. Allworth Financial LP now owns 3,484 shares of the company’s stock valued at $280,000 after purchasing an additional 135 shares in the last quarter. Fisher Asset Management LLC increased its stake in Diageo by 11.3% in the 3rd quarter. Fisher Asset Management LLC now owns 7,044 shares of the company’s stock valued at $603,000 after buying an additional 716 shares during the period. Fifth Third Bancorp increased its stake in Diageo by 55.8% in the 3rd quarter. Fifth Third Bancorp now owns 3,936 shares of the company’s stock valued at $337,000 after buying an additional 1,409 shares during the period. Three Bridge Wealth Advisors LLC lifted its position in Diageo by 2.8% in the 3rd quarter. Three Bridge Wealth Advisors LLC now owns 7,116 shares of the company’s stock worth $609,000 after buying an additional 195 shares in the last quarter. Finally, Pavion Blue Capital LLC lifted its position in Diageo by 3.0% in the 3rd quarter. Pavion Blue Capital LLC now owns 18,265 shares of the company’s stock worth $1,563,000 after buying an additional 526 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DEO shares. Sanford C. Bernstein reissued a “buy” rating on shares of Diageo in a research note on Tuesday, October 13th. UBS Group restated a “neutral” rating on shares of Diageo in a report on Thursday, October 8th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Diageo in a research note on Monday, August 10th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Diageo in a report on Tuesday, October 13th. Finally, Morgan Stanley increased their price objective on Diageo from $76.00 to $83.00 and gave the stock an “underweight” rating in a report on Monday, October 26th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $99.75.

Diageo Stock Performance

DEO stock opened at $99.97 on Friday. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 1.53. Diageo plc has a 1 year low of $72.45 and a 1 year high of $102.74. The company has a fifty day simple moving average of $90.74 and a 200 day simple moving average of $86.29.

Diageo Company Profile

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.