Diageo plc (NYSE:DEO) Shares Sold by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton reduced its holdings in Diageo plc (NYSE:DEO) by 12.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 770 shares of the company’s stock after selling 114 shares during the period. Rosenberg Matthew Hamilton’s holdings in Diageo were worth $108,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Beacon Capital Management LLC raised its position in shares of Diageo by 777.3% during the 1st quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock worth $29,000 after purchasing an additional 171 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of Diageo in the second quarter worth about $25,000. Triad Wealth Partners LLC purchased a new stake in Diageo during the 2nd quarter valued at about $25,000. Concord Wealth Partners acquired a new stake in Diageo in the 3rd quarter valued at about $38,000. Finally, Bruce G. Allen Investments LLC lifted its stake in Diageo by 1,395.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after purchasing an additional 279 shares in the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Price Performance

NYSE DEO opened at $124.22 on Friday. Diageo plc has a 1-year low of $119.48 and a 1-year high of $161.64. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The stock has a 50-day moving average of $133.90 and a two-hundred day moving average of $133.21.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DEO shares. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Finally, The Goldman Sachs Group lowered Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, 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.