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

Mill Creek Capital Advisors LLC reduced its position in Diageo plc (NYSE:DEO) by 2.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Natixis Advisors LLC boosted its stake in Diageo by 105.7% in the third quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock worth $133,240,000 after buying an additional 487,904 shares in the last quarter. Euro Pacific Asset Management LLC lifted its stake in shares of Diageo by 5.4% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 8,803 shares of the company’s stock valued at $1,233,000 after acquiring an additional 454 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its stake in shares of Diageo by 14.5% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,067 shares of the company’s stock valued at $290,000 after acquiring an additional 261 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Diageo by 106.2% during the 3rd quarter. CIBC Asset Management Inc now owns 31,643 shares of the company’s stock valued at $4,441,000 after acquiring an additional 16,300 shares during the period. Finally, Schulhoff & Co. Inc. bought a new position in Diageo during the 3rd quarter worth approximately $212,000. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Down 1.4 %

Shares of DEO 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. The business’s 50 day moving average price is $131.57 and its 200-day moving average price is $131.76. Diageo plc has a 52 week low of $117.84 and a 52 week high of $154.71.

Wall Street Analyst Weigh In

DEO has been the topic of a number of recent analyst reports. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a 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 note on Monday, August 12th. Three investment 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. Based on data from MarketBeat, Diageo currently has a consensus 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.