Core Alternative Capital Decreases Stock Position in Diageo plc (NYSE:DEO)

Core Alternative Capital trimmed its position in shares of Diageo plc (NYSE:DEO - Free Report) by 51.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,815 shares of the company's stock after selling 8,248 shares during the period. Core Alternative Capital's holdings in Diageo were worth $819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp grew its position in Diageo by 3.9% in the 1st quarter. Bank of New York Mellon Corp now owns 362,145 shares of the company's stock valued at $37,949,000 after acquiring an additional 13,547 shares during the last quarter. World Investment Advisors grew its position in Diageo by 13.2% in the 1st quarter. World Investment Advisors now owns 45,214 shares of the company's stock valued at $4,738,000 after acquiring an additional 5,259 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in Diageo by 3.1% in the 1st quarter. OneDigital Investment Advisors LLC now owns 26,131 shares of the company's stock valued at $2,738,000 after acquiring an additional 782 shares during the last quarter. D.A. Davidson & CO. grew its position in Diageo by 713.3% in the 1st quarter. D.A. Davidson & CO. now owns 34,735 shares of the company's stock valued at $3,640,000 after acquiring an additional 30,464 shares during the last quarter. Finally, R.H. Investment Group LLC grew its position in Diageo by 9.1% in the 1st quarter. R.H. Investment Group LLC now owns 23,636 shares of the company's stock valued at $2,477,000 after acquiring an additional 1,970 shares during the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Down 0.4%

Shares of NYSE DEO traded down $0.46 during mid-day trading on Wednesday, reaching $104.73. 1,090,036 shares of the company were exchanged, compared to its average volume of 973,778. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The stock has a market cap of $58.26 billion, a price-to-earnings ratio of 15.29 and a beta of 0.56. Diageo plc has a 1 year low of $99.26 and a 1 year high of $142.73. The firm has a 50-day moving average of $107.98 and a 200 day moving average of $111.31.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. Berenberg Bank assumed coverage on Diageo in a research report on Wednesday, April 2nd. They set a "buy" rating on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $129.00.

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.