Diageo plc (NYSE:DEO) Stock Holdings Trimmed by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC reduced its position in Diageo plc (NYSE:DEO) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 777,708 shares of the company’s stock after selling 31,293 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Diageo were worth $109,014,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Triad Wealth Partners LLC bought a new stake in Diageo in the second quarter valued at about $25,000. 1620 Investment Advisors Inc. bought a new stake in Diageo in the second quarter valued at about $25,000. Brooklyn Investment Group bought a new stake in Diageo in the third quarter valued at about $25,000. Concord Wealth Partners bought a new stake in Diageo in the third quarter valued at 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.

Analyst Ratings Changes

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

Diageo Stock Up 4.6 %

NYSE:DEO opened at $123.44 on Friday. The stock has a 50 day moving average of $127.73 and a 200-day moving average of $129.76. Diageo plc has a 52 week low of $117.72 and a 52 week high of $154.71. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

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.