Keybank National Association OH Decreases Stake in Diageo plc (NYSE:DEO)

Keybank National Association OH cut its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 22.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,270 shares of the company's stock after selling 3,931 shares during the quarter. Keybank National Association OH's holdings in Diageo were worth $1,391,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DEO. CoreFirst Bank & Trust bought a new position in shares of Diageo during the fourth quarter valued at $25,000. Orion Capital Management LLC bought a new stake in Diageo in the 4th quarter worth about $25,000. Perkins Coie Trust Co bought a new stake in Diageo in the 1st quarter worth about $27,000. Barrett & Company Inc. bought a new stake in Diageo in the 1st quarter worth about $27,000. Finally, Opal Wealth Advisors LLC bought a new stake in Diageo in the 1st quarter worth about $30,000. 8.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DEO has been the subject of several research analyst reports. Berenberg Bank started coverage on Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating for the company. Morgan Stanley reissued 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 issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $129.00.

Diageo Trading Down 0.5%

Shares of NYSE DEO traded down $0.51 during mid-day trading on Friday, reaching $104.48. The company had a trading volume of 599,589 shares, compared to its average volume of 970,224. The business's 50-day moving average is $108.27 and its 200-day moving average is $111.62. 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 stock has a market cap of $58.12 billion, a price-to-earnings ratio of 15.25 and a beta of 0.56. Diageo plc has a 52 week low of $99.26 and a 52 week high of $142.73.

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.