Bruderman Asset Management LLC Has $230,000 Holdings in Diageo plc (DEO)

Bruderman Asset Management LLC cut its position in Diageo plc (NYSE:DEO) by 36.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,624 shares of the company’s stock after selling 920 shares during the quarter. Bruderman Asset Management LLC’s holdings in Diageo were worth $230,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DEO. TRUE Private Wealth Advisors acquired a new stake in Diageo in the third quarter worth $105,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Diageo during the second quarter worth $115,000. Centaurus Financial Inc. acquired a new stake in shares of Diageo during the second quarter worth $123,000. Westbourne Investment Advisors Inc. acquired a new stake in shares of Diageo during the third quarter worth $142,000. Finally, Massey Quick Simon & CO. LLC raised its holdings in shares of Diageo by 1,212.0% during the second quarter. Massey Quick Simon & CO. LLC now owns 1,312 shares of the company’s stock worth $188,000 after acquiring an additional 1,212 shares during the period. Institutional investors own 11.26% of the company’s stock.

Shares of DEO opened at $143.41 on Friday. Diageo plc has a one year low of $131.22 and a one year high of $151.30. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.37 and a quick ratio of 0.58.

Separately, Zacks Investment Research upgraded shares of Diageo from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Diageo presently has an average rating of “Buy” and an average price target of $158.40.

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Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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