Diageo plc (NYSE:DEO) is Cambiar Investors LLC’s 2nd Largest Position

Cambiar Investors LLC raised its holdings in shares of Diageo plc (NYSE:DEO) by 11.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 465,409 shares of the company’s stock after acquiring an additional 47,263 shares during the quarter. Diageo makes up 2.5% of Cambiar Investors LLC’s investment portfolio, making the stock its 2nd largest position. Cambiar Investors LLC owned approximately 0.08% of Diageo worth $65,315,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Triad Wealth Partners LLC purchased a new stake in shares of Diageo during the second quarter worth about $25,000. 1620 Investment Advisors Inc. purchased a new stake in Diageo in the second quarter valued at approximately $25,000. Beacon Capital Management LLC grew its holdings in Diageo by 777.3% in 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 period. Concord Wealth Partners purchased a new stake in Diageo in the third quarter valued at approximately $38,000. Finally, Bruce G. Allen Investments LLC grew its holdings in 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 purchasing an additional 279 shares during the period. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Stock Up 0.0 %

Shares of DEO stock opened at $124.21 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. Diageo plc has a fifty-two week low of $119.48 and a fifty-two week high of $161.64. The firm’s 50 day moving average price is $133.68 and its two-hundred day moving average price is $133.12.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DEO. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Finally, The Goldman Sachs Group cut shares of Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Three equities research 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. According to MarketBeat, the stock presently has an average rating of “Hold”.

About Diageo

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.