BNP Paribas Financial Markets Sells 41,773 Shares of Diageo plc (NYSE:DEO)

BNP Paribas Financial Markets reduced its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 63.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,121 shares of the company's stock after selling 41,773 shares during the period. BNP Paribas Financial Markets' holdings in Diageo were worth $3,067,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Aptus Capital Advisors LLC raised its holdings in Diageo by 5.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,867 shares of the company's stock valued at $237,000 after buying an additional 95 shares in the last quarter. Accredited Wealth Management LLC bought a new position in shares of Diageo in the fourth quarter worth about $93,000. Keel Point LLC increased its stake in shares of Diageo by 18.2% in the fourth quarter. Keel Point LLC now owns 2,097 shares of the company's stock worth $267,000 after purchasing an additional 323 shares during the period. RBO & Co. LLC increased its stake in shares of Diageo by 7.7% in the fourth quarter. RBO & Co. LLC now owns 118,205 shares of the company's stock worth $15,027,000 after purchasing an additional 8,458 shares during the period. Finally, Rehmann Capital Advisory Group increased its stake in shares of Diageo by 2.9% in the fourth quarter. Rehmann Capital Advisory Group now owns 4,269 shares of the company's stock worth $543,000 after purchasing an additional 119 shares during the period. 8.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on DEO shares. Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Berenberg Bank started coverage on Diageo in a research note on Wednesday, April 2nd. They issued a "buy" rating on the stock. Finally, Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research note on Monday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $129.00.

Diageo Stock Up 1.7%

DEO stock opened at $114.70 on Friday. Diageo plc has a twelve month low of $100.72 and a twelve month high of $143.11. The company has a market cap of $63.81 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 2.39 and a beta of 0.60. The business's 50-day simple moving average is $109.11 and its 200 day simple moving average is $115.70. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

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.

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