Natixis Advisors LLC Grows Stock Holdings in Diageo plc (NYSE:DEO)

Natixis Advisors LLC raised its stake in shares of Diageo plc (NYSE:DEO) by 105.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 949,411 shares of the company’s stock after acquiring an additional 487,904 shares during the period. Natixis Advisors LLC owned approximately 0.17% of Diageo worth $133,240,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Confluence Investment Management LLC raised its stake in shares of Diageo by 30.5% during the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after purchasing an additional 284,046 shares during the last quarter. Cetera Investment Advisers raised its position in Diageo by 461.4% during the 1st quarter. Cetera Investment Advisers now owns 70,630 shares of the company’s stock worth $10,506,000 after buying an additional 58,048 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Diageo in the 3rd quarter worth $9,769,000. Eldred Rock Partners LLC lifted its stake in shares of Diageo by 120.5% in the 3rd quarter. Eldred Rock Partners LLC now owns 54,769 shares of the company’s stock worth $7,752,000 after acquiring an additional 29,928 shares during the period. Finally, Townsend & Associates Inc purchased a new stake in shares of Diageo in the third quarter valued at about $12,725,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DEO has been the subject of a number of recent analyst reports. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Diageo Trading Down 1.4 %

Shares of NYSE:DEO opened at $118.16 on Friday. The business has a fifty day simple moving average of $131.57 and a 200-day simple moving average of $131.80. Diageo plc has a 52 week low of $117.84 and a 52 week high of $154.71. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

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.