Pathstone Holdings LLC Has $9.17 Million Stock Holdings in Diageo plc (NYSE:DEO)

Pathstone Holdings LLC cut its stake in shares of Diageo plc (NYSE:DEO) by 8.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 65,161 shares of the company’s stock after selling 5,676 shares during the period. Pathstone Holdings LLC’s holdings in Diageo were worth $9,169,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of DEO. Triad Wealth Partners LLC acquired a new position in Diageo during the second quarter valued at approximately $25,000. 1620 Investment Advisors Inc. acquired a new position in Diageo during the second quarter valued at approximately $25,000. Beacon Capital Management LLC boosted its position in Diageo by 777.3% during the first quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. Concord Wealth Partners acquired a new position in Diageo during the third quarter valued at approximately $38,000. Finally, Bruce G. Allen Investments LLC lifted its position in shares of 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 and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research report 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. According to MarketBeat, Diageo currently has a consensus rating of “Hold”.

Diageo Stock Down 1.0 %

NYSE:DEO opened at $118.23 on Friday. The stock has a 50 day simple moving average of $130.72 and a 200 day simple moving average of $131.29. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. Diageo plc has a 1-year low of $117.72 and a 1-year high of $154.71.

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.