Cambiar Investors LLC Decreases Holdings in Diageo plc $DEO

Cambiar Investors LLC trimmed its holdings in shares of Diageo plc (NYSE:DEO) by 9.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 467,288 shares of the company’s stock after selling 50,400 shares during the quarter. Diageo accounts for about 2.0% of Cambiar Investors LLC’s portfolio, making the stock its 20th largest position. Cambiar Investors LLC owned approximately 0.08% of Diageo worth $44,593,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Dorsey & Whitney Trust CO LLC increased its stake in Diageo by 3.0% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 3,287 shares of the company’s stock valued at $331,000 after purchasing an additional 96 shares in the last quarter. Pavion Blue Capital LLC lifted its stake in shares of Diageo by 0.4% during the second quarter. Pavion Blue Capital LLC now owns 26,367 shares of the company’s stock worth $2,659,000 after buying an additional 112 shares during the period. IFP Advisors Inc grew its holdings in shares of Diageo by 9.6% during the second quarter. IFP Advisors Inc now owns 1,409 shares of the company’s stock valued at $142,000 after buying an additional 123 shares during the last quarter. Three Bridge Wealth Advisors LLC increased its position in shares of Diageo by 2.0% in the 3rd quarter. Three Bridge Wealth Advisors LLC now owns 6,246 shares of the company’s stock valued at $596,000 after acquiring an additional 124 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in shares of Diageo by 10.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,341 shares of the company’s stock valued at $135,000 after acquiring an additional 125 shares during the period. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Performance

Diageo stock opened at $88.84 on Wednesday. Diageo plc has a 12 month low of $84.52 and a 12 month high of $125.56. The stock’s 50 day simple moving average is $88.82 and its two-hundred day simple moving average is $96.87. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.64 and a current ratio of 1.63.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DEO. Royal Bank Of Canada raised Diageo from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 6th. Zacks Research cut Diageo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Diageo in a report on Friday, November 28th. Barclays reiterated an “overweight” rating on shares of Diageo in a report on Thursday, December 11th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research note on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Diageo presently has an average rating of “Hold” and a consensus price target of $116.50.

Diageo Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.