Diageo plc (DEO) Position Cut by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY cut its position in shares of Diageo plc (NYSE:DEO) by 1.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,563 shares of the company’s stock after selling 1,198 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Diageo were worth $10,236,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado lifted its holdings in Diageo by 27.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 547,691 shares of the company’s stock valued at $77,663,000 after purchasing an additional 118,880 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Diageo by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 517,196 shares of the company’s stock valued at $73,338,000 after purchasing an additional 8,824 shares in the last quarter. Stifel Financial Corp lifted its holdings in Diageo by 8.4% during the fourth quarter. Stifel Financial Corp now owns 313,113 shares of the company’s stock valued at $44,571,000 after purchasing an additional 24,238 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Diageo by 12.4% during the fourth quarter. Bank of New York Mellon Corp now owns 286,819 shares of the company’s stock valued at $40,672,000 after purchasing an additional 31,732 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its holdings in Diageo by 2.9% during the fourth quarter. Natixis Advisors L.P. now owns 166,522 shares of the company’s stock valued at $23,612,000 after purchasing an additional 4,694 shares in the last quarter. 10.61% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Diageo from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Barclays assumed coverage on shares of Diageo in a report on Monday, April 1st. They set an “overweight” rating on the stock. Liberum Capital raised shares of Diageo from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Finally, Investec downgraded shares of Diageo from a “hold” rating to a “sell” rating in a report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Diageo has a consensus rating of “Hold” and a consensus price target of $164.75.

Shares of NYSE DEO opened at $170.03 on Friday. The stock has a market capitalization of $103.16 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 2.95 and a beta of 0.54. The company has a quick ratio of 0.73, a current ratio of 1.48 and a debt-to-equity ratio of 0.94. Diageo plc has a 52 week low of $131.43 and a 52 week high of $170.17.

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Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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