Euro Pacific Asset Management LLC Has $1.23 Million Stock Holdings in Diageo plc (NYSE:DEO)

Euro Pacific Asset Management LLC raised its holdings in shares of Diageo plc (NYSE:DEO) by 5.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 8,803 shares of the company’s stock after buying an additional 454 shares during the period. Euro Pacific Asset Management LLC’s holdings in Diageo were worth $1,233,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Confluence Investment Management LLC boosted its stake in shares of Diageo by 30.5% during the 3rd quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after buying an additional 284,046 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Diageo by 461.4% during the 1st quarter. Cetera Investment Advisers now owns 70,630 shares of the company’s stock worth $10,506,000 after buying an additional 58,048 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Diageo during the 3rd quarter worth about $9,769,000. Eldred Rock Partners LLC grew its stake in Diageo by 120.5% in the 3rd quarter. Eldred Rock Partners LLC now owns 54,769 shares of the company’s stock valued at $7,752,000 after buying an additional 29,928 shares during the last quarter. Finally, Townsend & Associates Inc bought a new position in Diageo in the 3rd quarter valued at about $12,725,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Down 1.4 %

Shares of DEO opened at $118.15 on Friday. 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 plc has a 12 month low of $117.84 and a 12 month high of $154.71. The firm’s 50 day moving average is $131.57 and its 200-day moving average is $131.80.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Royal Bank of Canada upgraded 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 issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average 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.