GSB Wealth Management LLC Has $259,000 Stake in Diageo plc (NYSE:DEO)

GSB Wealth Management LLC trimmed its position in shares of Diageo plc (NYSE:DEO - Free Report) by 72.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,474 shares of the company's stock after selling 6,648 shares during the quarter. GSB Wealth Management LLC's holdings in Diageo were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in DEO. Savant Capital LLC raised its stake in shares of Diageo by 5.0% in the 4th quarter. Savant Capital LLC now owns 1,864 shares of the company's stock valued at $237,000 after acquiring an additional 88 shares in the last quarter. GeoWealth Management LLC raised its stake in shares of Diageo by 1.3% in the 4th quarter. GeoWealth Management LLC now owns 6,944 shares of the company's stock valued at $883,000 after acquiring an additional 92 shares in the last quarter. Aptus Capital Advisors LLC raised its stake in shares of 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 in the last quarter. Grove Bank & Trust raised its stake in shares of 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 in the last quarter. Finally, Malaga Cove Capital LLC raised its stake in shares of Diageo by 3.3% in 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 in the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Performance

Shares of NYSE DEO opened at $101.62 on Thursday. 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 moving average is $110.15 and its two-hundred day moving average is $113.61. The company has a market cap of $56.53 billion, a P/E ratio of 14.83 and a beta of 0.58. Diageo plc has a 12 month low of $100.72 and a 12 month high of $142.73.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. Finally, Berenberg Bank began coverage on Diageo in a research note on Wednesday, April 2nd. They issued a "buy" rating on the stock. 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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.

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