Zions Bancorporation N.A. Has $5.17 Million Stake in Diageo plc (NYSE:DEO)

Zions Bancorporation N.A. boosted its position in shares of Diageo plc (NYSE:DEO) by 17,372.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,867 shares of the company’s stock after acquiring an additional 36,656 shares during the period. Zions Bancorporation N.A.’s holdings in Diageo were worth $5,174,000 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 the company. Cable Hill Partners LLC lifted its position in Diageo by 17.7% during the 3rd quarter. Cable Hill Partners LLC now owns 3,111 shares of the company’s stock worth $444,000 after acquiring an additional 467 shares during the last quarter. Schrum Private Wealth Management LLC lifted its position in Diageo by 79.4% during the 3rd quarter. Schrum Private Wealth Management LLC now owns 3,492 shares of the company’s stock worth $490,000 after acquiring an additional 1,546 shares during the last quarter. Addison Advisors LLC lifted its position in Diageo by 108.2% during the 3rd quarter. Addison Advisors LLC now owns 406 shares of the company’s stock worth $57,000 after acquiring an additional 211 shares during the last quarter. Catalytic Wealth RIA LLC increased its holdings in shares of Diageo by 25.2% during the 3rd quarter. Catalytic Wealth RIA LLC now owns 5,793 shares of the company’s stock worth $813,000 after purchasing an additional 1,166 shares during the period. Finally, Chartwell Investment Partners LLC increased its holdings in shares of Diageo by 4.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 32,138 shares of the company’s stock worth $4,510,000 after purchasing an additional 1,481 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Diageo Stock Performance

NYSE DEO opened at $119.20 on Thursday. The stock has a market cap of $66.31 billion, a P/E ratio of 16.93, a PEG ratio of 3.41 and a beta of 0.71. The company’s 50-day simple moving average is $131.91 and its 200 day simple moving average is $132.03. Diageo plc has a twelve month low of $117.84 and a twelve month high of $154.71. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

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.