Core Alternative Capital Has $819,000 Position in Diageo plc (NYSE:DEO)

Core Alternative Capital lessened its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 51.3% in the first quarter, according to its most recent filing with the SEC. The fund 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 at the end of the most recent reporting period.

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

Diageo Stock Down 0.5%

NYSE DEO traded down $0.51 during trading on Friday, reaching $104.48. 599,589 shares of the company's stock were exchanged, compared to its average volume of 970,224. 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 fifty-two week low of $99.26 and a fifty-two week high of $142.73. The company's fifty day simple moving average is $108.27 and its 200-day simple moving average is $111.62. The firm has a market capitalization of $58.12 billion, a PE ratio of 15.25 and a beta of 0.56.

Analysts Set New Price Targets

Several research firms have recently weighed in on DEO. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. Berenberg Bank assumed coverage on shares of Diageo in a research report on Wednesday, April 2nd. They set a "buy" rating on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company 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.