Pitcairn Co. Cuts Stock Holdings in Diageo plc (NYSE:DEO)

Pitcairn Co. trimmed its position in shares of Diageo plc (NYSE:DEO) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,495 shares of the company’s stock after selling 77 shares during the quarter. Pitcairn Co.’s holdings in Diageo were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of Montreal Can boosted its holdings in shares of Diageo by 396.8% in the 2nd quarter. Bank of Montreal Can now owns 362,988 shares of the company’s stock worth $70,510,000 after buying an additional 289,929 shares during the last quarter. FMR LLC boosted its holdings in shares of Diageo by 586.2% in the 1st quarter. FMR LLC now owns 309,135 shares of the company’s stock worth $50,578,000 after buying an additional 264,083 shares during the last quarter. Liberty Wealth Management LLC boosted its holdings in shares of Diageo by 19,407.2% in the 2nd quarter. Liberty Wealth Management LLC now owns 200,924 shares of the company’s stock worth $1,048,000 after buying an additional 199,894 shares during the last quarter. AKO Capital LLP boosted its holdings in shares of Diageo by 11.7% in the 3rd quarter. AKO Capital LLP now owns 1,431,895 shares of the company’s stock worth $276,356,000 after buying an additional 149,706 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of Diageo by 5.0% in the 2nd quarter. Clearbridge Investments LLC now owns 1,412,464 shares of the company’s stock worth $270,755,000 after buying an additional 67,531 shares during the last quarter. 9.23% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on DEO shares. Societe Generale raised shares of Diageo from a “hold” rating to a “buy” rating in a report on Tuesday, November 30th. Barclays restated an “overweight” rating on shares of Diageo in a research note on Thursday, November 18th. Credit Suisse Group restated an “outperform” rating on shares of Diageo in a research note on Wednesday, November 17th. Investec upgraded Diageo from a “sell” rating to a “hold” rating in a research note on Wednesday, November 24th. Finally, Royal Bank of Canada cut Diageo from a “sector perform” rating to an “underperform” rating in a research note on Thursday, December 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Diageo presently has a consensus rating of “Hold” and a consensus price target of $197.50.

Shares of DEO opened at $206.28 on Friday. The business’s 50-day moving average price is $210.45 and its 200-day moving average price is $200.38. Diageo plc has a twelve month low of $153.67 and a twelve month high of $223.14. The company has a current ratio of 1.60, a quick ratio of 0.76 and a debt-to-equity ratio of 1.57.

About Diageo

Diageo Plc engages in the production and distribution of alcoholic beverages. Its brands include Johnnie Walker, Crown Royal, JeB, Buchanan’s, Windsor and Bushmills whiskies, Smirnoff, Ciroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray, and Guinness. It operates through the following geographical segments: North America; Europe and Turkey; Africa; Latin America and Caribbean; Asia Pacific; ISC; and Corporate and Other.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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