B. Riley Wealth Advisors Inc. Sells 661 Shares of Diageo plc (NYSE:DEO)

B. Riley Wealth Advisors Inc. cut its holdings in Diageo plc (NYSE:DEO) by 9.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,489 shares of the company’s stock after selling 661 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Diageo were worth $920,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. 1620 Investment Advisors Inc. bought a new position in shares of Diageo during the second quarter valued at $25,000. Brooklyn Investment Group purchased a new position in Diageo in the 3rd quarter worth about $25,000. Concord Wealth Partners bought a new position in Diageo during the 3rd quarter valued at about $38,000. Bruce G. Allen Investments LLC lifted its stake in Diageo by 1,395.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock valued at $42,000 after acquiring an additional 279 shares during the period. Finally, Davis Capital Management purchased a new stake in shares of Diageo during the 3rd quarter valued at about $55,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DEO has been the subject of a number of research analyst reports. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Diageo has an average rating of “Hold”.

Diageo Trading Down 1.6 %

Shares of DEO stock opened at $128.54 on Wednesday. The firm has a fifty day moving average price of $125.97 and a 200-day moving average price of $129.16. Diageo plc has a 1 year low of $117.72 and a 1 year 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 company has a market cap of $71.50 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 3.59 and a beta of 0.69.

Diageo Company 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.