Naples Global Advisors LLC reduced its stake in Diageo plc (NYSE:DEO - Free Report) by 10.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,941 shares of the company's stock after selling 2,945 shares during the quarter. Naples Global Advisors LLC's holdings in Diageo were worth $2,762,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in DEO. CoreFirst Bank & Trust bought a new position in Diageo in the 4th quarter valued at approximately $25,000. Orion Capital Management LLC bought a new position in Diageo in the 4th quarter valued at approximately $25,000. BNP Paribas bought a new position in Diageo in the 4th quarter valued at approximately $32,000. Measured Risk Portfolios Inc. bought a new position in Diageo in the 4th quarter valued at approximately $32,000. Finally, Kestra Investment Management LLC bought a new position in Diageo in the 4th quarter valued at approximately $36,000. 8.97% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on DEO shares. Berenberg Bank started coverage on Diageo in a research report on Wednesday, April 2nd. They issued a "buy" rating on the stock. Morgan Stanley reaffirmed an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Diageo presently has an average rating of "Hold" and an average price target of $129.00.
Check Out Our Latest Research Report on DEO
Diageo Stock Performance
Shares of NYSE DEO traded down $0.11 during midday trading on Friday, hitting $105.10. 741,658 shares of the stock traded hands, compared to its average volume of 949,694. The firm has a 50-day moving average of $110.11 and a two-hundred day moving average of $114.32. The firm has a market capitalization of $58.47 billion, a P/E ratio of 15.34, a PEG ratio of 2.39 and a beta of 0.58. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. Diageo plc has a one year low of $100.72 and a one year high of $142.73.
Diageo Company Profile
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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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