1832 Asset Management L.P. Decreases Stock Holdings in Diageo plc (NYSE:DEO)

1832 Asset Management L.P. cut its stake in Diageo plc (NYSE:DEO) by 78.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,379 shares of the company’s stock after selling 48,124 shares during the period. 1832 Asset Management L.P.’s holdings in Diageo were worth $1,990,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Diageo in the fourth quarter valued at about $217,000. Planned Solutions Inc. purchased a new stake in shares of Diageo in the fourth quarter valued at $27,000. Ritholtz Wealth Management increased its position in Diageo by 13.8% during the 4th quarter. Ritholtz Wealth Management now owns 5,600 shares of the company’s stock worth $816,000 after purchasing an additional 681 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in Diageo by 6.9% in the 4th quarter. SeaCrest Wealth Management LLC now owns 3,111 shares of the company’s stock valued at $440,000 after purchasing an additional 200 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Diageo by 18.7% in the 4th quarter. Blue Trust Inc. now owns 1,414 shares of the company’s stock valued at $210,000 after purchasing an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DEO shares. Citigroup raised shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 3rd. The Goldman Sachs Group downgraded shares of Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $3,730.00.

Diageo Trading Up 1.3 %

Shares of Diageo stock traded up $1.74 during trading hours on Friday, reaching $132.43. The stock had a trading volume of 654,425 shares, compared to its average volume of 715,169. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58. Diageo plc has a 1 year low of $124.80 and a 1 year high of $178.83. The firm has a 50 day simple moving average of $131.76 and a two-hundred day simple moving average of $140.16.

Diageo Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.