Diageo plc (NYSE:DEO) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC decreased its position in shares of Diageo plc (NYSE:DEO - Free Report) by 2.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,767 shares of the company's stock after selling 2,482 shares during the quarter. DAVENPORT & Co LLC's holdings in Diageo were worth $8,778,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. GeoWealth Management LLC boosted its position in Diageo by 1.3% in the 4th quarter. GeoWealth Management LLC now owns 6,944 shares of the company's stock worth $883,000 after purchasing an additional 92 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of Diageo by 5.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,867 shares of the company's stock worth $237,000 after purchasing an additional 95 shares during the last quarter. Grove Bank & Trust boosted its stake in Diageo by 1.3% during the first quarter. Grove Bank & Trust now owns 7,560 shares of the company's stock worth $792,000 after buying an additional 98 shares during the last quarter. Malaga Cove Capital LLC boosted its position in shares of Diageo by 3.3% during the 4th quarter. Malaga Cove Capital LLC now owns 3,101 shares of the company's stock valued at $394,000 after acquiring an additional 100 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Diageo by 2.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,735 shares of the company's stock valued at $475,000 after buying an additional 103 shares during the period. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Trading Down 0.5%

Diageo stock traded down $0.51 during midday trading on Friday, reaching $104.48. 599,589 shares of the stock traded hands, compared to its average volume of 968,629. The firm has a market cap of $58.12 billion, a PE ratio of 15.25 and a beta of 0.56. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The company has a 50-day simple moving average of $108.27 and a two-hundred day simple moving average of $111.71. Diageo plc has a 12-month low of $99.26 and a 12-month high of $142.73.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Berenberg Bank began coverage on shares of Diageo in a research report on Wednesday, April 2nd. They set a "buy" rating on the stock. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average 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.