Private Advisor Group LLC Lowers Stock Holdings in Diageo plc (NYSE:DEO)

Private Advisor Group LLC lowered its holdings in Diageo plc (NYSE:DEO) by 5.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,150 shares of the company’s stock after selling 761 shares during the period. Private Advisor Group LLC’s holdings in Diageo were worth $1,705,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Montreal Can grew its position in Diageo by 1,034.5% during the second quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock valued at $104,443,000 after acquiring an additional 729,166 shares during the period. Hsbc Holdings PLC grew its position in Diageo by 416.0% during the second quarter. Hsbc Holdings PLC now owns 521,920 shares of the company’s stock valued at $65,939,000 after acquiring an additional 420,778 shares during the period. Raymond James & Associates grew its position in Diageo by 52.3% during the third quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock valued at $119,800,000 after acquiring an additional 293,017 shares during the period. Fort Washington Investment Advisors Inc. OH grew its position in Diageo by 12,174.6% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 246,229 shares of the company’s stock valued at $31,045,000 after acquiring an additional 244,223 shares during the period. Finally, Clearbridge Investments LLC grew its position in Diageo by 7.0% during the first quarter. Clearbridge Investments LLC now owns 2,351,654 shares of the company’s stock valued at $349,785,000 after acquiring an additional 154,497 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Trading Down 1.9 %

Shares of DEO opened at $127.66 on Thursday. The stock’s 50-day moving average is $134.06 and its two-hundred day moving average is $133.28. The stock has a market cap of $71.01 billion, a PE ratio of 18.19, a P/E/G ratio of 3.84 and a beta of 0.69. Diageo plc has a 12 month low of $119.48 and a 12 month high of $161.64. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

Analyst Upgrades and Downgrades

DEO has been the subject of a number of research reports. Citigroup raised Diageo from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 3rd. The Goldman Sachs Group cut Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Finally, Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Diageo currently has a consensus rating of “Hold”.

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.