Principal Street Partners LLC Sells 2,450 Shares of Diageo plc (NYSE:DEO)

Principal Street Partners LLC trimmed its position in Diageo plc (NYSE:DEO - Free Report) by 50.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,394 shares of the company's stock after selling 2,450 shares during the quarter. Principal Street Partners LLC's holdings in Diageo were worth $304,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DEO. Merit Financial Group LLC grew its holdings in Diageo by 6.2% in the 4th quarter. Merit Financial Group LLC now owns 2,000 shares of the company's stock valued at $254,000 after buying an additional 116 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Diageo by 9.9% during the 4th quarter. HB Wealth Management LLC now owns 11,687 shares of the company's stock worth $1,486,000 after purchasing an additional 1,053 shares in the last quarter. Diversify Wealth Management LLC grew its holdings in shares of Diageo by 32.0% during the 4th quarter. Diversify Wealth Management LLC now owns 5,770 shares of the company's stock worth $682,000 after purchasing an additional 1,400 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of Diageo by 17.5% during the 4th quarter. Ballentine Partners LLC now owns 7,316 shares of the company's stock worth $930,000 after purchasing an additional 1,088 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC grew its holdings in shares of Diageo by 6.9% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 6,426 shares of the company's stock worth $817,000 after purchasing an additional 414 shares in the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Price Performance

Shares of DEO stock traded down $1.70 on Friday, hitting $109.16. 885,563 shares of the company's stock were exchanged, compared to its average volume of 944,777. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. Diageo plc has a 12 month low of $100.72 and a 12 month high of $142.73. The stock has a market cap of $60.73 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 2.39 and a beta of 0.60. The company has a 50 day moving average of $109.62 and a 200 day moving average of $115.17.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DEO shares. Berenberg Bank started coverage on Diageo in a report on Wednesday, April 2nd. They set a "buy" rating on the stock. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a report on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, Diageo currently has an average rating of "Hold" and an average price target of $129.00.

Diageo Company 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.