Cobblestone Capital Advisors LLC NY Sells 930 Shares of Diageo plc (DEO)

Cobblestone Capital Advisors LLC NY reduced its holdings in shares of Diageo plc (NYSE:DEO) by 1.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,364 shares of the company’s stock after selling 930 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Diageo were worth $9,118,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DEO. Winslow Evans & Crocker Inc. grew its holdings in shares of Diageo by 39.1% in the third quarter. Winslow Evans & Crocker Inc. now owns 10,334 shares of the company’s stock worth $1,466,000 after purchasing an additional 2,904 shares during the last quarter. Colony Group LLC bought a new position in shares of Diageo in the second quarter worth approximately $214,000. Public Employees Retirement Association of Colorado grew its holdings in shares of Diageo by 42.3% in the third quarter. Public Employees Retirement Association of Colorado now owns 428,811 shares of the company’s stock worth $60,750,000 after purchasing an additional 127,547 shares during the last quarter. Hartford Financial Management Inc. grew its holdings in shares of Diageo by 6,000.0% in the second quarter. Hartford Financial Management Inc. now owns 6,100 shares of the company’s stock worth $878,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Diageo by 255.3% in the second quarter. Envestnet Asset Management Inc. now owns 174,314 shares of the company’s stock worth $25,104,000 after purchasing an additional 125,249 shares during the last quarter. Institutional investors and hedge funds own 11.26% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Diageo from a “sell” rating to a “hold” rating in a report on Tuesday. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Diageo presently has a consensus rating of “Buy” and an average price target of $158.40.

Shares of DEO stock opened at $143.41 on Friday. Diageo plc has a 52 week low of $131.22 and a 52 week high of $151.30. The firm has a market capitalization of $89.24 billion, a P/E ratio of 22.58, a price-to-earnings-growth ratio of 2.67 and a beta of 0.62. The company has a quick ratio of 0.58, a current ratio of 1.37 and a debt-to-equity ratio of 0.71.

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Diageo 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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