Rockefeller Capital Management L.P. Sells 7,804 Shares of Diageo plc (NYSE:DEO)

Rockefeller Capital Management L.P. lowered its position in shares of Diageo plc (NYSE:DEO) by 13.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,155 shares of the company’s stock after selling 7,804 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Diageo were worth $7,187,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Citigroup Inc. boosted its position in shares of Diageo by 4.4% during the 3rd quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock valued at $22,234,000 after purchasing an additional 6,617 shares in the last quarter. FMR LLC lifted its stake in Diageo by 9.1% in the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after buying an additional 437,646 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of 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 buying an additional 16,300 shares in the last quarter. Grandfield & Dodd LLC grew its position in shares of Diageo by 2.3% during the 3rd quarter. Grandfield & Dodd LLC now owns 240,013 shares of the company’s stock worth $33,684,000 after buying an additional 5,460 shares during the period. Finally, Confluence Investment Management LLC increased its stake 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 acquiring an additional 284,046 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Performance

DEO opened at $118.94 on Wednesday. Diageo plc has a 1-year low of $117.72 and a 1-year high of $154.71. The company’s fifty day moving average price is $128.37 and its two-hundred day moving average price is $129.88. 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 Analysts Forecast Growth

DEO has been the subject of a number of research reports. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Diageo 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.