Envestnet Portfolio Solutions Inc. Decreases Stake in Diageo plc (NYSE:DEO)

Envestnet Portfolio Solutions Inc. decreased its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 39.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,743 shares of the company's stock after selling 18,064 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Diageo were worth $2,907,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. GeoWealth Management LLC lifted its stake in shares of Diageo by 1.3% during the fourth quarter. GeoWealth Management LLC now owns 6,944 shares of the company's stock valued at $883,000 after buying an additional 92 shares during the period. Aptus Capital Advisors LLC raised its holdings in Diageo by 5.4% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,867 shares of the company's stock valued at $237,000 after acquiring an additional 95 shares during the last quarter. Grove Bank & Trust raised its holdings in Diageo by 1.3% in the 1st quarter. Grove Bank & Trust now owns 7,560 shares of the company's stock valued at $792,000 after acquiring an additional 98 shares during the last quarter. Malaga Cove Capital LLC lifted its stake 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 worth $394,000 after purchasing an additional 100 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Diageo by 2.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,735 shares of the company's stock worth $475,000 after purchasing an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company's stock.

Diageo Trading Up 0.7%

Shares of DEO stock traded up $0.73 on Thursday, reaching $100.59. 722,717 shares of the stock were exchanged, compared to its average volume of 966,184. 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 $55.96 billion, a P/E ratio of 14.68 and a beta of 0.58. The firm has a 50 day moving average of $109.36 and a two-hundred day moving average of $112.92. Diageo plc has a 1-year low of $99.26 and a 1-year high of $142.73.

Analyst Ratings Changes

Several research firms recently commented on DEO. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Berenberg Bank assumed coverage on shares of Diageo in a 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 given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Diageo has an average rating of "Hold" and a consensus target price 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.