Cobblestone Capital Advisors LLC NY Has $11.48 Million Holdings in Diageo plc $DEO

Cobblestone Capital Advisors LLC NY lessened its position in shares of Diageo plc (NYSE:DEO) by 5.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 120,288 shares of the company’s stock after selling 7,100 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Diageo were worth $11,479,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of DEO. Equity Investment Corp bought a new stake in Diageo in the 3rd quarter valued at about $92,970,000. Federated Hermes Inc. grew its stake in Diageo by 7.2% in the third quarter. Federated Hermes Inc. now owns 726,578 shares of the company’s stock valued at $69,337,000 after acquiring an additional 48,909 shares during the period. Savant Capital LLC bought a new stake in shares of Diageo during the second quarter valued at approximately $310,000. Osaic Holdings Inc. raised its position in shares of Diageo by 42.2% during the second quarter. Osaic Holdings Inc. now owns 99,998 shares of the company’s stock worth $10,099,000 after purchasing an additional 29,674 shares during the period. Finally, Confluence Investment Management LLC lifted its holdings in shares of Diageo by 0.9% in the 3rd quarter. Confluence Investment Management LLC now owns 1,363,504 shares of the company’s stock worth $130,119,000 after purchasing an additional 12,678 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Up 4.7%

Diageo stock opened at $89.51 on Monday. Diageo plc has a fifty-two week low of $84.52 and a fifty-two week high of $116.69. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60. The firm’s 50-day simple moving average is $91.51 and its 200 day simple moving average is $95.39.

Analyst Ratings Changes

A number of analysts have commented on DEO shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Diageo in a research note on Friday, November 28th. Royal Bank Of Canada raised shares of Diageo from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 6th. UBS Group restated a “neutral” rating on shares of Diageo in a report on Wednesday, December 3rd. Sanford C. Bernstein set a $124.00 price target on Diageo and gave the company an “outperform” rating in a research note on Monday, December 29th. Finally, Barclays reissued an “overweight” rating on shares of Diageo in a report on Thursday, December 11th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $116.50.

Diageo Company 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.