Pathstone Holdings LLC Reduces Stock Position in Diageo plc (NYSE:DEO)

Pathstone Holdings LLC decreased its position in Diageo plc (NYSE:DEO - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,114 shares of the company's stock after selling 3,047 shares during the quarter. Pathstone Holdings LLC's holdings in Diageo were worth $7,895,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the business. CoreFirst Bank & Trust bought a new position in Diageo during the 4th quarter valued at about $25,000. BNP Paribas acquired a new stake in Diageo during the fourth quarter worth approximately $32,000. Measured Risk Portfolios Inc. bought a new position in Diageo during the 4th quarter worth $32,000. Kestra Investment Management LLC bought a new stake in Diageo during the fourth quarter worth $36,000. Finally, Heck Capital Advisors LLC acquired a new position in Diageo in the 4th quarter worth about $47,000. Institutional investors and hedge funds own 8.97% of the company's stock.

Diageo Stock Performance

Diageo stock traded down $0.04 during mid-day trading on Tuesday, hitting $114.20. The company had a trading volume of 630,481 shares, compared to its average volume of 941,980. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. Diageo plc has a 12-month low of $100.72 and a 12-month high of $142.73. The company's fifty day moving average is $109.32 and its 200-day moving average is $115.38. The company has a market capitalization of $63.53 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 2.39 and a beta of 0.60.

Analyst Ratings Changes

DEO has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Morgan Stanley restated an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. Finally, Berenberg Bank started coverage on Diageo in a research note on Wednesday, April 2nd. They issued a "buy" rating on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $129.00.

Diageo Company 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.