Clarkston Capital Partners LLC Has $27 Million Position in Diageo plc (NYSE:DEO)

Clarkston Capital Partners LLC raised its stake in Diageo plc (NYSE:DEO) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,390 shares of the company’s stock after acquiring an additional 3,567 shares during the period. Clarkston Capital Partners LLC’s holdings in Diageo were worth $27,000,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Markel Group Inc. raised its stake in Diageo by 0.5% in the second quarter. Markel Group Inc. now owns 1,366,708 shares of the company’s stock valued at $172,315,000 after purchasing an additional 6,300 shares in the last quarter. Confluence Investment Management LLC raised its position in shares of Diageo by 30.5% in the 3rd quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock valued at $170,623,000 after buying an additional 284,046 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Diageo by 7.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,127,576 shares of the company’s stock worth $142,165,000 after acquiring an additional 74,745 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Diageo by 2.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,106,473 shares of the company’s stock worth $139,504,000 after acquiring an additional 23,435 shares during the period. Finally, Natixis Advisors LLC increased its stake in Diageo by 105.7% in the third quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock valued at $133,240,000 after acquiring an additional 487,904 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors.

Diageo Trading Down 1.4 %

Shares of Diageo stock opened at $118.16 on Monday. The company’s 50 day moving average price is $131.57 and its two-hundred day moving average price is $131.72. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo plc has a fifty-two week low of $117.84 and a fifty-two week high of $154.71.

Wall Street Analysts Forecast Growth

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

Diageo Company 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.