Phraction Management LLC Sells 1,780 Shares of Diageo plc (NYSE:DEO)

Phraction Management LLC trimmed its position in Diageo plc (NYSE:DEO) by 10.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,647 shares of the company’s stock after selling 1,780 shares during the quarter. Diageo accounts for 0.8% of Phraction Management LLC’s holdings, making the stock its 25th biggest holding. Phraction Management LLC’s holdings in Diageo were worth $2,196,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Natixis Advisors LLC grew its position in Diageo by 105.7% during the third quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock worth $133,240,000 after buying an additional 487,904 shares in the last quarter. Euro Pacific Asset Management LLC grew its holdings in shares of Diageo by 5.4% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 8,803 shares of the company’s stock worth $1,233,000 after purchasing an additional 454 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its holdings in shares of Diageo by 14.5% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,067 shares of the company’s stock worth $290,000 after purchasing an additional 261 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Diageo by 106.2% in the third quarter. CIBC Asset Management Inc now owns 31,643 shares of the company’s stock worth $4,441,000 after purchasing an additional 16,300 shares during the period. Finally, Schulhoff & Co. Inc. acquired a new position in Diageo in the third quarter valued at about $212,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

DEO has been the topic of a number of analyst reports. 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 shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Diageo Stock Performance

Diageo stock opened at $118.16 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. Diageo plc has a 12-month low of $117.84 and a 12-month high of $154.71. The business’s 50-day moving average price is $131.57 and its two-hundred day moving average price is $131.76.

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.