Capital Investment Advisory Services LLC Sells 115 Shares of Diageo plc (NYSE:DEO)

Capital Investment Advisory Services LLC lowered its position in shares of Diageo plc (NYSE:DEO) by 5.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,179 shares of the company’s stock after selling 115 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Diageo were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Murphy Pohlad Asset Management LLC increased its position in Diageo by 10.0% during the 4th quarter. Murphy Pohlad Asset Management LLC now owns 3,247 shares of the company’s stock worth $413,000 after buying an additional 295 shares during the period. DMC Group LLC increased its position in Diageo by 10.3% during the fourth quarter. DMC Group LLC now owns 1,885 shares of the company’s stock worth $240,000 after acquiring an additional 176 shares during the period. Highland Capital Management LLC raised its stake in Diageo by 2.7% in the 4th quarter. Highland Capital Management LLC now owns 14,610 shares of the company’s stock worth $1,857,000 after purchasing an additional 380 shares in the last quarter. Milestone Asset Management LLC boosted its holdings in Diageo by 377.7% in the 4th quarter. Milestone Asset Management LLC now owns 9,845 shares of the company’s stock valued at $1,252,000 after purchasing an additional 7,784 shares during the period. Finally, Iams Wealth Management LLC grew its position in shares of Diageo by 18.2% during the 4th quarter. Iams Wealth Management LLC now owns 4,946 shares of the company’s stock worth $629,000 after purchasing an additional 761 shares in the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Trading Down 1.4 %

Shares of DEO stock opened at $119.93 on Friday. Diageo plc has a fifty-two week low of $113.99 and a fifty-two week high of $154.71. The stock’s fifty day moving average price is $122.93 and its two-hundred day moving average price is $127.41. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. TD Cowen boosted their price target on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $129.00.

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.