SageView Advisory Group LLC Sells 1,420 Shares of Diageo plc (NYSE:DEO)

SageView Advisory Group LLC trimmed its position in shares of Diageo plc (NYSE:DEO) by 22.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,010 shares of the company’s stock after selling 1,420 shares during the period. SageView Advisory Group LLC’s holdings in Diageo were worth $703,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DEO. Bank of Montreal Can raised its stake in shares of Diageo by 1,034.5% during the second quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock worth $104,443,000 after acquiring an additional 729,166 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Diageo by 105.7% during the 3rd quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock valued at $133,240,000 after purchasing an additional 487,904 shares during the last quarter. FMR LLC raised its position in Diageo by 9.1% in the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock worth $735,671,000 after purchasing an additional 437,646 shares during the period. Hsbc Holdings PLC lifted its stake in Diageo by 416.0% in the second quarter. Hsbc Holdings PLC now owns 521,920 shares of the company’s stock worth $65,939,000 after purchasing an additional 420,778 shares during the last quarter. Finally, Raymond James & Associates boosted its position in Diageo by 52.3% during the third quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock valued at $119,800,000 after buying an additional 293,017 shares during the period. Institutional investors own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DEO shares. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Diageo presently has an average rating of “Hold”.

Diageo Trading Down 0.4 %

DEO stock opened at $122.99 on Friday. The firm’s 50-day moving average price is $127.73 and its two-hundred day moving average price is $129.76. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo plc has a 12-month low of $117.72 and a 12-month high of $154.71.

Diageo Company 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.