William Blair Investment Management LLC raised its stake in shares of Diageo plc (NYSE:DEO) by 17.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,687 shares of the company’s stock after purchasing an additional 6,547 shares during the quarter. William Blair Investment Management LLC’s holdings in Diageo were worth $6,331,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Winslow Evans & Crocker Inc. increased its position in Diageo by 39.1% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 10,334 shares of the company’s stock valued at $1,466,000 after purchasing an additional 2,904 shares during the period. Public Employees Retirement Association of Colorado grew its position in shares of Diageo by 42.3% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 428,811 shares of the company’s stock worth $60,750,000 after buying an additional 127,547 shares during the period. Colony Group LLC purchased a new stake in shares of Diageo in the 2nd quarter worth about $214,000. Hartford Financial Management Inc. grew its position in shares of Diageo by 6,000.0% in the 2nd quarter. Hartford Financial Management Inc. now owns 6,100 shares of the company’s stock worth $878,000 after buying an additional 6,000 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Diageo by 255.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 174,314 shares of the company’s stock worth $25,104,000 after buying an additional 125,249 shares during the period. 11.15% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research downgraded shares of Diageo from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $158.40.

NYSE:DEO opened at $143.23 on Friday. The stock has a market capitalization of $89.22 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 2.64 and a beta of 0.63. The company has a current ratio of 1.37, a quick ratio of 0.58 and a debt-to-equity ratio of 0.71. Diageo plc has a 1-year low of $131.22 and a 1-year high of $151.30.

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Diageo Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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