OneDigital Investment Advisors LLC Lowers Stake in Diageo plc (NYSE:DEO)

OneDigital Investment Advisors LLC lowered its stake in shares of Diageo plc (NYSE:DEO) by 4.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,135 shares of the company’s stock after selling 1,199 shares during the period. OneDigital Investment Advisors LLC’s holdings in Diageo were worth $3,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Schulhoff & Co. Inc. bought a new stake in shares of Diageo during the third quarter valued at approximately $212,000. Zions Bancorporation N.A. raised its position in shares of Diageo by 17,372.5% during the third quarter. Zions Bancorporation N.A. now owns 36,867 shares of the company’s stock valued at $5,174,000 after buying an additional 36,656 shares during the last quarter. Cable Hill Partners LLC raised its position in shares of Diageo by 17.7% during the third quarter. Cable Hill Partners LLC now owns 3,111 shares of the company’s stock valued at $444,000 after buying an additional 467 shares during the last quarter. Schrum Private Wealth Management LLC raised its position in shares of Diageo by 79.4% during the third quarter. Schrum Private Wealth Management LLC now owns 3,492 shares of the company’s stock valued at $490,000 after buying an additional 1,546 shares during the last quarter. Finally, Addison Advisors LLC raised its position in shares of Diageo by 108.2% during the third quarter. Addison Advisors LLC now owns 406 shares of the company’s stock valued at $57,000 after buying an additional 211 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Trading Down 1.4 %

DEO stock opened at $118.15 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 twelve month low of $117.84 and a twelve month high of $154.71. The firm’s fifty day simple moving average is $131.74 and its two-hundred day simple moving average is $131.95.

Wall Street Analysts Forecast Growth

DEO has been the topic of several 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 shares of Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.