Morningstar Investment Services LLC Sells 36,698 Shares of Diageo plc (NYSE:DEO)

Morningstar Investment Services LLC decreased its holdings in shares of Diageo plc (NYSE:DEO - Free Report) by 58.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,758 shares of the company's stock after selling 36,698 shares during the quarter. Morningstar Investment Services LLC's holdings in Diageo were worth $2,699,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DEO. CoreFirst Bank & Trust acquired a new stake in Diageo in the fourth quarter valued at $25,000. Orion Capital Management LLC acquired a new stake in shares of Diageo during the 4th quarter worth about $25,000. Perkins Coie Trust Co acquired a new stake in shares of Diageo during the 1st quarter worth about $27,000. Barrett & Company Inc. acquired a new stake in shares of Diageo during the 1st quarter worth about $27,000. Finally, Abound Financial LLC acquired a new stake in shares of Diageo during the 1st quarter worth about $27,000. Institutional investors and hedge funds own 8.97% of the company's stock.

Diageo Stock Performance

Diageo stock traded up $3.22 during midday trading on Tuesday, hitting $105.48. The company's stock had a trading volume of 1,050,589 shares, compared to its average volume of 997,099. Diageo plc has a 1-year low of $99.26 and a 1-year high of $142.73. 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 company has a 50-day moving average price of $106.29 and a two-hundred day moving average price of $109.90. The company has a market cap of $58.68 billion, a price-to-earnings ratio of 15.40 and a beta of 0.56.

Wall Street Analysts Forecast Growth

DEO has been the subject of a number of research reports. Berenberg Bank initiated coverage on shares of Diageo in a research note on Wednesday, April 2nd. They set a "buy" rating for the company. Morgan Stanley restated an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average 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.