Mill Creek Capital Advisors LLC Cuts Stock Holdings in Diageo plc (NYSE:DEO)

Mill Creek Capital Advisors LLC decreased its holdings in Diageo plc (NYSE:DEO) by 2.8% in the third quarter, Holdings Channel reports. The firm owned 6,263 shares of the company’s stock after selling 178 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in Diageo were worth $879,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Financial Counselors Inc. grew its stake in shares of Diageo by 3.3% in the second quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock worth $326,000 after acquiring an additional 83 shares during the period. PFG Investments LLC raised its stake in Diageo by 3.4% during the 2nd quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock valued at $317,000 after buying an additional 83 shares during the last quarter. Global Retirement Partners LLC raised its stake in Diageo by 1.1% during the 3rd quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock valued at $1,143,000 after buying an additional 85 shares during the last quarter. Gradient Investments LLC lifted its holdings in shares of Diageo by 2.8% during the 2nd quarter. Gradient Investments LLC now owns 3,181 shares of the company’s stock valued at $401,000 after buying an additional 86 shares during the period. Finally, Toronto Dominion Bank boosted its stake in shares of Diageo by 0.9% in the 1st quarter. Toronto Dominion Bank now owns 9,949 shares of the company’s stock worth $1,480,000 after buying an additional 90 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Performance

Shares of DEO stock opened at $118.16 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. Diageo plc has a 1 year low of $117.84 and a 1 year high of $154.71. The firm has a fifty day moving average price of $131.57 and a 200-day moving average price of $131.76.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DEO. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Three research 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

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.