Douglass Winthrop Advisors LLC Decreases Stake in Diageo plc (NYSE:DEO)

Douglass Winthrop Advisors LLC lessened its holdings in shares of Diageo plc (NYSE:DEO) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,995 shares of the company’s stock after selling 160 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Diageo were worth $841,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Triad Wealth Partners LLC acquired a new position in Diageo during the second quarter worth about $25,000. 1620 Investment Advisors Inc. acquired a new position in shares of Diageo during the 2nd quarter worth approximately $25,000. Beacon Capital Management LLC grew its position in shares of Diageo by 777.3% in the first quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. Concord Wealth Partners acquired a new stake in shares of Diageo in the third quarter valued at approximately $38,000. Finally, Bruce G. Allen Investments LLC lifted its position in Diageo by 1,395.0% during the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after buying an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on DEO shares. Royal Bank of Canada raised 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 analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Diageo Stock Up 0.2 %

NYSE DEO opened at $120.30 on Tuesday. Diageo plc has a twelve month low of $117.72 and a twelve month high of $154.71. The stock has a fifty day simple moving average of $130.23 and a 200-day simple moving average of $130.89. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

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.