Sanctuary Advisors LLC Sells 2,389 Shares of Diageo plc (NYSE:DEO)

Sanctuary Advisors LLC trimmed its position in Diageo plc (NYSE:DEO) by 3.1% in the third quarter, HoldingsChannel.com reports. The firm owned 75,008 shares of the company’s stock after selling 2,389 shares during the period. Sanctuary Advisors LLC’s holdings in Diageo were worth $10,527,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Counselors Inc. raised its stake in shares of Diageo by 3.3% in the 2nd quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock valued at $326,000 after buying an additional 83 shares in the last quarter. PFG Investments LLC raised its position in Diageo by 3.4% in the second quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock worth $317,000 after purchasing an additional 83 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Diageo by 1.1% during the third quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock worth $1,143,000 after purchasing an additional 85 shares during the period. Gradient Investments LLC boosted its holdings in Diageo by 2.8% during the second quarter. Gradient Investments LLC now owns 3,181 shares of the company’s stock valued at $401,000 after purchasing an additional 86 shares in the last quarter. Finally, Pinnacle West Asset Management Inc. grew its stake in shares of Diageo by 3.6% in the 2nd quarter. Pinnacle West Asset Management Inc. now owns 2,590 shares of the company’s stock valued at $327,000 after purchasing an additional 90 shares during the period. 8.97% of the stock is owned by institutional investors.

Diageo Price Performance

NYSE DEO opened at $131.49 on Friday. The stock’s 50 day simple moving average is $126.19 and its 200 day simple moving average is $129.26. Diageo plc has a one year low of $117.72 and a one year high of $154.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.

Wall Street Analyst Weigh In

Several research firms recently commented on DEO. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Finally, Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average 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.