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, 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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