Douglass Winthrop Advisors LLC Lowers Stock Holdings in Diageo plc (NYSE:DEO)

Douglass Winthrop Advisors LLC cut its position in Diageo plc (NYSE:DEO) by 2.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 5,995 shares of the company’s stock after selling 160 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Diageo were worth $841,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Counselors Inc. boosted its position in Diageo by 3.3% in the 2nd quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock valued at $326,000 after buying an additional 83 shares during the period. PFG Investments LLC grew its stake in shares of Diageo by 3.4% in the 2nd quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock valued at $317,000 after purchasing an additional 83 shares during the last quarter. Global Retirement Partners LLC increased its stake in Diageo by 1.1% in 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 period. Gradient Investments LLC increased its stake in shares of Diageo by 2.8% during the second quarter. Gradient Investments LLC now owns 3,181 shares of the company’s stock worth $401,000 after acquiring an additional 86 shares during the period. Finally, Toronto Dominion Bank lifted its position in Diageo by 0.9% in the first quarter. Toronto Dominion Bank now owns 9,949 shares of the company’s stock valued at $1,480,000 after purchasing an additional 90 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

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

Diageo Stock Performance

DEO stock opened at $120.30 on Tuesday. 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 plc has a 1 year low of $117.72 and a 1 year high of $154.71. The stock’s 50 day moving average price is $130.23 and its 200 day moving average price is $130.89.

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.