First Horizon Advisors Inc. Grows Holdings in Diageo plc (NYSE:DEO)

First Horizon Advisors Inc. lifted its holdings in shares of Diageo plc (NYSE:DEO) by 5.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 8,389 shares of the company’s stock after buying an additional 429 shares during the period. First Horizon Advisors Inc.’s holdings in Diageo were worth $1,177,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Confluence Investment Management LLC boosted its stake in 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 buying an additional 284,046 shares during the last quarter. CIBC Asset Management Inc grew its stake in Diageo by 106.2% during the 3rd 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 in the last quarter. Cetera Investment Advisers increased its holdings 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 purchasing an additional 58,048 shares during the period. International Assets Investment Management LLC acquired a new stake in Diageo in the 3rd quarter valued at about $9,769,000. Finally, Eldred Rock Partners LLC boosted 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 valued at $7,752,000 after buying an additional 29,928 shares during the period. 8.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DEO. 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 report on Thursday, September 12th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Diageo Stock Performance

Shares of NYSE DEO opened at $118.23 on Friday. The firm has a 50-day moving average price of $130.72 and a 200 day moving average price of $131.29. 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 52 week low of $117.72 and a 52 week high of $154.71.

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.