Cambiar Investors LLC Lowers Stake in Diageo plc $DEO

Cambiar Investors LLC cut its holdings in shares of Diageo plc (NYSE:DEO) by 9.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 467,288 shares of the company’s stock after selling 50,400 shares during the period. Diageo makes up about 2.0% of Cambiar Investors LLC’s portfolio, making the stock its 20th largest holding. Cambiar Investors LLC’s holdings in Diageo were worth $44,593,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DEO. Twin Peaks Wealth Advisors LLC acquired a new position in Diageo in the 2nd quarter worth about $26,000. Arlington Trust Co LLC increased its position in shares of Diageo by 3,885.7% in the third quarter. Arlington Trust Co LLC now owns 279 shares of the company’s stock valued at $27,000 after buying an additional 272 shares in the last quarter. Bell Investment Advisors Inc increased its position in shares of Diageo by 94.7% in the second quarter. Bell Investment Advisors Inc now owns 292 shares of the company’s stock valued at $29,000 after buying an additional 142 shares in the last quarter. New England Capital Financial Advisors LLC acquired a new position in shares of Diageo during the 3rd quarter worth approximately $29,000. Finally, HHM Wealth Advisors LLC raised its stake in shares of Diageo by 76.5% during the 2nd quarter. HHM Wealth Advisors LLC now owns 330 shares of the company’s stock worth $33,000 after buying an additional 143 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

DEO opened at $88.84 on Wednesday. Diageo plc has a twelve month low of $84.52 and a twelve month high of $125.56. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.64 and a current ratio of 1.63. The firm’s 50-day moving average price is $88.82 and its 200 day moving average price is $96.87.

Wall Street Analysts Forecast Growth

DEO has been the topic of a number of research analyst reports. UBS Group reissued a “neutral” rating on shares of Diageo in a research note on Wednesday, December 3rd. Zacks Research downgraded shares of Diageo from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a research report on Wednesday, January 21st. Royal Bank Of Canada upgraded shares of Diageo from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 6th. Finally, Sanford C. Bernstein set a $124.00 price target on shares of Diageo and gave the company an “outperform” rating in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $116.50.

Diageo Company Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.