Cambiar Investors LLC lifted its position in shares of Diageo plc (NYSE:DEO – Free Report) by 11.3% during the third quarter, HoldingsChannel reports. The firm owned 465,409 shares of the company’s stock after purchasing an additional 47,263 shares during the quarter. Diageo comprises about 2.5% of Cambiar Investors LLC’s holdings, making the stock its 2nd largest holding. Cambiar Investors LLC’s holdings in Diageo were worth $65,315,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Triad Wealth Partners LLC bought a new position in Diageo during the 2nd quarter valued at $25,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Diageo in the 2nd quarter valued at about $25,000. Beacon Capital Management LLC lifted its position in shares of Diageo by 777.3% during the first quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock worth $29,000 after purchasing an additional 171 shares during the last quarter. Concord Wealth Partners acquired a new position in Diageo in the third quarter worth about $38,000. Finally, Bruce G. Allen Investments LLC increased its holdings 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 buying an additional 279 shares during the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the company. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. The Goldman Sachs Group downgraded shares of Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Finally, Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.
Diageo Stock Up 0.0 %
Shares of Diageo stock opened at $124.21 on Friday. The business’s 50 day simple moving average is $133.68 and its 200-day simple moving average is $133.12. 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 plc has a twelve month low of $119.48 and a twelve month high of $161.64.
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.
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