Peapack Gladstone Financial Corp Sells 349 Shares of Diageo plc (NYSE:DEO)

Peapack Gladstone Financial Corp lowered its position in shares of Diageo plc (NYSE:DEO) by 5.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,350 shares of the company’s stock after selling 349 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Diageo were worth $890,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DEO. Lantz Financial LLC raised its position in shares of Diageo by 24.7% during the second quarter. Lantz Financial LLC now owns 11,704 shares of the company’s stock worth $1,476,000 after acquiring an additional 2,318 shares during the last quarter. Brookstone Capital Management grew its stake in shares of Diageo by 23.9% during the second quarter. Brookstone Capital Management now owns 2,542 shares of the company’s stock worth $333,000 after purchasing an additional 491 shares during the period. Milestone Asset Management LLC acquired a new stake in shares of Diageo during the second quarter worth $251,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of Diageo by 16.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 168,094 shares of the company’s stock worth $21,193,000 after purchasing an additional 24,113 shares during the period. Finally, Continuum Advisory LLC grew its stake in shares of Diageo by 23.4% during the second quarter. Continuum Advisory LLC now owns 1,672 shares of the company’s stock worth $211,000 after purchasing an additional 317 shares during the period. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Up 1.7 %

NYSE:DEO opened at $131.45 on Monday. Diageo plc has a 1 year low of $117.72 and a 1 year high of $154.71. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The stock has a market cap of $73.12 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 3.59 and a beta of 0.69. The stock has a 50-day moving average price of $126.19 and a two-hundred day moving average price of $129.21.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DEO shares. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

About Diageo

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.