Charles Schwab Investment Management Inc. Acquires 15,487 Shares of Diageo plc (NYSE:DEO)

Charles Schwab Investment Management Inc. lifted its holdings in Diageo plc (NYSE:DEO) by 84.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,754 shares of the company’s stock after acquiring an additional 15,487 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Diageo were worth $4,737,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in DEO. Triad Wealth Partners LLC bought a new stake in Diageo in the 2nd quarter valued at about $25,000. 1620 Investment Advisors Inc. purchased a new position in shares of Diageo in the 2nd quarter worth approximately $25,000. Concord Wealth Partners purchased a new position in shares of Diageo in the 3rd quarter worth approximately $38,000. Bruce G. Allen Investments LLC boosted its stake in shares of Diageo by 1,395.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after buying an additional 279 shares during the last quarter. Finally, Davis Capital Management purchased a new position in shares of Diageo in the 3rd quarter worth approximately $55,000. 8.97% of the stock is owned by institutional investors.

Diageo Stock Performance

Shares of DEO stock opened at $131.49 on Friday. The company’s fifty day simple moving average is $126.19 and its two-hundred day simple moving average is $129.26. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. Diageo plc has a 1 year low of $117.72 and a 1 year high of $154.71.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday. Finally, Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average 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.