Natixis Advisors LLC Has $13.43 Million Stock Position in Diageo plc $DEO

Key Points

• Natixis Advisors LLC cut its Diageo stake by 75.8% in Q3, selling 441,497 shares and finishing the period with 140,711 shares worth about $13.43 million.
• Other funds made only modest adjustments to their Diageo positions, and institutional/hedge-fund ownership of the stock is reported at 8.97%.
• Diageo shares opened at $76.78 (down 3.6%), trading near a 12‑month low of $75.77, while analysts' consensus is a Hold with an average price target of $116.50.

Natixis Advisors LLC lowered its holdings in shares of Diageo plc (NYSE:DEO - Free Report) by 75.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 140,711 shares of the company's stock after selling 441,497 shares during the period. Natixis Advisors LLC's holdings in Diageo were worth $13,428,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DEO. Dorsey & Whitney Trust CO LLC grew its stake in shares of Diageo by 3.0% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 3,287 shares of the company's stock worth $331,000 after purchasing an additional 96 shares during the last quarter. Integrated Advisors Network LLC raised its position in Diageo by 3.5% during the 3rd quarter. Integrated Advisors Network LLC now owns 3,110 shares of the company's stock worth $297,000 after purchasing an additional 104 shares during the last quarter. Retirement Planning Co of New England Inc. lifted its holdings in Diageo by 2.0% during the 3rd quarter. Retirement Planning Co of New England Inc. now owns 5,684 shares of the company's stock worth $542,000 after buying an additional 114 shares during the period. Three Bridge Wealth Advisors LLC lifted its holdings in Diageo by 2.0% during the 3rd quarter. Three Bridge Wealth Advisors LLC now owns 6,246 shares of the company's stock worth $596,000 after buying an additional 124 shares during the period. Finally, Bridgewater Advisors Inc. grew its position in shares of Diageo by 4.9% in the 3rd quarter. Bridgewater Advisors Inc. now owns 2,702 shares of the company's stock valued at $236,000 after buying an additional 125 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company's stock.

Diageo Stock Down 3.6%

Shares of NYSE DEO opened at $76.78 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.71. The company's fifty day simple moving average is $90.75 and its 200 day simple moving average is $93.69. Diageo plc has a 12-month low of $75.77 and a 12-month high of $116.69.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays reissued an "overweight" rating on shares of Diageo in a research note on Thursday, December 11th. Argus upgraded Diageo to a "hold" rating in a report on Tuesday. HSBC downgraded shares of Diageo from a "buy" rating to a "hold" rating in a research report on Monday, March 2nd. Weiss Ratings restated a "sell (d)" rating on shares of Diageo in a research report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Diageo in a research note on Friday, November 28th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Diageo has an average rating of "Hold" and an average price target of $116.50.

Diageo Company Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange NYSE: DEO and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo's core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.

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