Thrivent Financial for Lutherans Purchases New Holdings in Diageo plc (NYSE:DEO)

Thrivent Financial for Lutherans acquired a new position in shares of Diageo plc (NYSE:DEO) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 1,859 shares of the company’s stock, valued at approximately $261,000.

A number of other hedge funds have also made changes to their positions in DEO. 1620 Investment Advisors Inc. purchased a new position in shares of Diageo in the second quarter worth about $25,000. Triad Wealth Partners LLC acquired a new position in shares of Diageo during the 2nd quarter worth approximately $25,000. Concord Wealth Partners purchased a new stake in shares of Diageo in the third quarter valued at approximately $38,000. Bruce G. Allen Investments LLC increased its holdings in shares of Diageo by 1,395.0% in the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock valued at $42,000 after purchasing an additional 279 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in Diageo during the second quarter worth approximately $44,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on DEO. Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Finally, Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Diageo Stock Performance

DEO opened at $122.99 on Friday. Diageo plc has a 12-month low of $117.72 and a 12-month high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. The stock’s 50-day moving average price is $127.73 and its 200 day moving average price is $129.76.

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.