Mill Capital Management LLC Has $979,000 Stake in Diageo plc (NYSE:DEO)

Mill Capital Management LLC decreased its position in shares of Diageo plc (NYSE:DEO - Free Report) by 91.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,341 shares of the company's stock after selling 101,266 shares during the period. Mill Capital Management LLC's holdings in Diageo were worth $979,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of DEO. GeoWealth Management LLC grew its stake in shares of Diageo by 1.3% in the fourth 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 boosted 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 purchasing an additional 95 shares during the period. Grove Bank & Trust grew its position in shares of Diageo by 1.3% during the 1st quarter. Grove Bank & Trust now owns 7,560 shares of the company's stock worth $792,000 after purchasing an additional 98 shares in the last quarter. Malaga Cove Capital LLC grew 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 worth $394,000 after purchasing an additional 100 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased 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 period. Institutional investors and hedge funds own 8.97% of the company's stock.

Diageo Price Performance

NYSE:DEO traded up $0.73 during mid-day trading on Thursday, reaching $100.59. The stock had a trading volume of 722,717 shares, compared to its average volume of 964,373. Diageo plc has a 12 month low of $99.26 and a 12 month high of $142.73. The stock has a market capitalization of $55.96 billion, a PE ratio of 14.68 and a beta of 0.58. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The stock has a 50-day simple moving average of $109.36 and a two-hundred day simple moving average of $112.92.

Wall Street Analysts Forecast Growth

DEO has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Berenberg Bank started coverage on Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating for the company. Finally, Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $129.00.

About Diageo

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.