Natixis Advisors LLC Boosts Stake in Diageo plc (NYSE:DEO)

Natixis Advisors LLC increased its holdings in Diageo plc (NYSE:DEO - Free Report) by 105.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 949,411 shares of the company's stock after purchasing an additional 487,904 shares during the period. Natixis Advisors LLC owned approximately 0.17% of Diageo worth $133,240,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Triad Wealth Partners LLC purchased a new stake in Diageo during the second quarter valued at about $25,000. 1620 Investment Advisors Inc. purchased a new stake in Diageo during the 2nd quarter valued at about $25,000. Beacon Capital Management LLC grew its position in Diageo by 777.3% during the 1st quarter. Beacon Capital Management LLC now owns 193 shares of the company's stock worth $29,000 after acquiring an additional 171 shares during the last quarter. Concord Wealth Partners purchased a new position in Diageo in the 3rd quarter worth approximately $38,000. Finally, Bruce G. Allen Investments LLC lifted its position in Diageo by 1,395.0% in the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company's stock valued at $42,000 after purchasing an additional 279 shares during the last quarter. Institutional investors own 8.97% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DEO. Royal Bank of Canada raised shares of Diageo from an "underperform" rating to a "sector perform" rating in a research note on Monday, August 12th. Bank of America upgraded shares of Diageo from a "neutral" rating to a "buy" rating in a report on Thursday, September 12th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold".

Diageo Stock Down 1.4 %

DEO stock traded down $1.69 on Friday, reaching $118.16. The company's stock had a trading volume of 725,045 shares, compared to its average volume of 757,479. The business has a fifty day simple moving average of $131.57 and a two-hundred day simple moving average of $131.80. Diageo plc has a 12-month low of $117.84 and a 12-month high of $154.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.

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.