Quantinno Capital Management LP Trims Stock Holdings in Diageo plc (NYSE:DEO)

Quantinno Capital Management LP reduced its position in Diageo plc (NYSE:DEO - Free Report) by 64.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,940 shares of the company's stock after selling 25,249 shares during the quarter. Quantinno Capital Management LP's holdings in Diageo were worth $1,772,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DEO. Kovitz Investment Group Partners LLC lifted its holdings in shares of Diageo by 234.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,600,702 shares of the company's stock worth $330,627,000 after purchasing an additional 1,822,994 shares during the period. Bank of Montreal Can lifted its holdings in shares of Diageo by 1,181.5% during the fourth quarter. Bank of Montreal Can now owns 1,406,004 shares of the company's stock worth $178,745,000 after purchasing an additional 1,296,285 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Diageo during the fourth quarter worth $123,892,000. FMR LLC lifted its holdings in shares of Diageo by 10.9% during the fourth quarter. FMR LLC now owns 5,813,938 shares of the company's stock worth $739,126,000 after purchasing an additional 571,873 shares during the period. Finally, ABC Arbitrage SA acquired a new stake in shares of Diageo during the fourth quarter worth $37,777,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Price Performance

Diageo stock traded down $1.70 during midday trading on Friday, reaching $109.16. The company's stock had a trading volume of 885,563 shares, compared to its average volume of 947,095. Diageo plc has a fifty-two week low of $100.72 and a fifty-two week high of $142.73. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The stock's 50 day simple moving average is $109.62 and its 200 day simple moving average is $115.17. The firm has a market capitalization of $60.73 billion, a PE ratio of 15.94, a P/E/G ratio of 2.39 and a beta of 0.60.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Berenberg Bank assumed coverage on Diageo in a report on Wednesday, April 2nd. They set a "buy" rating for the company. Morgan Stanley reaffirmed 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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.