Cable Hill Partners LLC Raises Stake in Diageo plc (NYSE:DEO)

Cable Hill Partners LLC boosted its holdings in Diageo plc (NYSE:DEO) by 17.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,111 shares of the company’s stock after purchasing an additional 467 shares during the quarter. Cable Hill Partners LLC’s holdings in Diageo were worth $444,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sei Investments Co. increased its position in Diageo by 2.0% during the 1st quarter. Sei Investments Co. now owns 131,111 shares of the company’s stock valued at $19,499,000 after buying an additional 2,612 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of Diageo by 16.4% in the 1st quarter. QRG Capital Management Inc. now owns 7,185 shares of the company’s stock worth $1,069,000 after purchasing an additional 1,011 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Diageo by 42.7% in the 1st quarter. Russell Investments Group Ltd. now owns 1,136 shares of the company’s stock worth $169,000 after purchasing an additional 340 shares in the last quarter. Avantax Advisory Services Inc. grew its position in Diageo by 4.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 7,994 shares of the company’s stock valued at $1,189,000 after purchasing an additional 355 shares during the last quarter. Finally, Koshinski Asset Management Inc. bought a new stake in Diageo during the 1st quarter valued at about $208,000. Institutional investors own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DEO shares. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Diageo Stock Performance

Shares of NYSE DEO opened at $119.20 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The firm’s 50-day moving average price is $132.12 and its 200-day moving average price is $132.12. Diageo plc has a 52-week low of $117.84 and a 52-week high of $154.71. The company has a market cap of $66.31 billion, a PE ratio of 16.93, a PEG ratio of 3.41 and a beta of 0.71.

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.