Pathstone Holdings LLC trimmed its position in Diageo plc (NYSE:DEO - Free Report) by 8.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 65,161 shares of the company's stock after selling 5,676 shares during the period. Pathstone Holdings LLC's holdings in Diageo were worth $9,169,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its stake in Diageo by 42.7% during the 1st quarter. Russell Investments Group Ltd. now owns 1,136 shares of the company's stock valued at $169,000 after purchasing an additional 340 shares during the period. Pitcairn Co. bought a new stake in Diageo during the 1st quarter valued at approximately $267,000. Advisors Asset Management Inc. increased its stake in Diageo by 18.8% in the 1st quarter. Advisors Asset Management Inc. now owns 5,128 shares of the company's stock worth $763,000 after acquiring an additional 813 shares during the last quarter. Toronto Dominion Bank increased its stake in Diageo by 0.9% in the 1st quarter. Toronto Dominion Bank now owns 9,949 shares of the company's stock worth $1,480,000 after acquiring an additional 90 shares during the last quarter. Finally, LRI Investments LLC bought a new stake in Diageo in the 1st quarter worth approximately $357,000. 8.97% of the stock is owned by hedge funds and other institutional investors.
Diageo Stock Up 1.7 %
NYSE:DEO traded up $1.97 during mid-day trading on Friday, hitting $120.07. 1,233,727 shares of the company's stock traded hands, compared to its average volume of 763,988. The company has a fifty day moving average of $130.72 and a 200 day moving average of $131.29. Diageo plc has a twelve month low of $117.72 and a twelve month high of $154.71. The company has a market capitalization of $66.79 billion, a P/E ratio of 17.04, a P/E/G ratio of 3.40 and a beta of 0.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.
Wall Street Analyst Weigh In
A number of research firms have issued reports on DEO. Bank of America raised Diageo from a "neutral" rating to a "buy" rating in a research note on Thursday, September 12th. Royal Bank of Canada raised Diageo from an "underperform" rating to a "sector perform" rating in a research note on Monday, August 12th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold".
Get Our Latest Stock Analysis on Diageo
About Diageo
(
Free Report)
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.
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