Diageo plc (NYSE:DEO) Shares Sold by Beacon Financial Group

Beacon Financial Group lowered its position in Diageo plc (NYSE:DEO - Free Report) by 65.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,471 shares of the company's stock after selling 4,579 shares during the quarter. Beacon Financial Group's holdings in Diageo were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in DEO. Charles Schwab Investment Management Inc. increased its position in shares of Diageo by 11.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company's stock worth $4,795,000 after acquiring an additional 3,964 shares during the last quarter. Maia Wealth LLC lifted its position in Diageo by 24.7% in the fourth quarter. Maia Wealth LLC now owns 13,112 shares of the company's stock worth $1,648,000 after purchasing an additional 2,593 shares during the period. Aviso Financial Inc. increased its holdings in shares of Diageo by 3.4% in the fourth quarter. Aviso Financial Inc. now owns 242,637 shares of the company's stock valued at $30,846,000 after buying an additional 7,954 shares in the last quarter. Tevis Investment Management increased its holdings in shares of Diageo by 159.7% in the fourth quarter. Tevis Investment Management now owns 13,869 shares of the company's stock valued at $1,763,000 after buying an additional 8,528 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Diageo by 2.5% in the fourth quarter. Bank of New York Mellon Corp now owns 348,598 shares of the company's stock valued at $44,317,000 after buying an additional 8,656 shares in the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Down 0.1%

DEO stock opened at $105.10 on Friday. 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 business's 50-day simple moving average is $110.11 and its 200 day simple moving average is $114.38. The company has a market cap of $58.47 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 2.39 and a beta of 0.58. Diageo plc has a twelve month low of $100.72 and a twelve month high of $142.73.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DEO shares. Berenberg Bank began coverage on shares of Diageo in a research note on Wednesday, April 2nd. They set a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Morgan Stanley restated an "underweight" rating on shares of Diageo in a report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average 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.

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