Morningstar Investment Services LLC lowered its holdings in Diageo plc (NYSE:DEO - Free Report) by 58.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,758 shares of the company's stock after selling 36,698 shares during the period. Morningstar Investment Services LLC's holdings in Diageo were worth $2,699,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in DEO. CoreFirst Bank & Trust bought a new position in Diageo in the fourth quarter valued at $25,000. Orion Capital Management LLC bought a new position in Diageo in the fourth quarter valued at $25,000. Perkins Coie Trust Co bought a new position in Diageo in the first quarter valued at $27,000. Barrett & Company Inc. bought a new position in Diageo in the first quarter valued at $27,000. Finally, Abound Financial LLC bought a new position in Diageo in the first quarter valued at $27,000. Institutional investors own 8.97% of the company's stock.
Diageo Stock Performance
Shares of NYSE DEO traded down $0.37 during mid-day trading on Monday, reaching $102.89. 1,511,081 shares of the company were exchanged, compared to its average volume of 994,811. The company's 50-day simple moving average is $106.29 and its 200-day simple moving average is $109.90. 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 capitalization of $57.24 billion, a P/E ratio of 15.02 and a beta of 0.56. Diageo plc has a twelve month low of $99.26 and a twelve month high of $142.73.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. Berenberg Bank assumed coverage on shares of Diageo in a research note on Wednesday, April 2nd. They issued a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Diageo currently has a consensus rating of "Hold" and a consensus target price of $129.00.
Read Our Latest Stock Analysis on DEO
About Diageo
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Free Report)
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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