Roffman Miller Associates Inc. PA Sells 10,641 Shares of Diageo plc (NYSE:DEO)

Roffman Miller Associates Inc. PA trimmed its position in shares of Diageo plc (NYSE:DEO - Free Report) by 9.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,994 shares of the company's stock after selling 10,641 shares during the period. Roffman Miller Associates Inc. PA's holdings in Diageo were worth $10,478,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in DEO. Bank of New York Mellon Corp grew its stake in Diageo by 3.9% in the 1st quarter. Bank of New York Mellon Corp now owns 362,145 shares of the company's stock worth $37,949,000 after acquiring an additional 13,547 shares in the last quarter. World Investment Advisors grew its stake in Diageo by 13.2% in the 1st quarter. World Investment Advisors now owns 45,214 shares of the company's stock worth $4,738,000 after acquiring an additional 5,259 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in Diageo by 3.1% in the 1st quarter. OneDigital Investment Advisors LLC now owns 26,131 shares of the company's stock worth $2,738,000 after acquiring an additional 782 shares in the last quarter. D.A. Davidson & CO. grew its stake in Diageo by 713.3% in the 1st quarter. D.A. Davidson & CO. now owns 34,735 shares of the company's stock worth $3,640,000 after acquiring an additional 30,464 shares in the last quarter. Finally, R.H. Investment Group LLC grew its stake in Diageo by 9.1% in the 1st quarter. R.H. Investment Group LLC now owns 23,636 shares of the company's stock worth $2,477,000 after acquiring an additional 1,970 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors.

Diageo Price Performance

NYSE DEO opened at $104.48 on Monday. 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 firm's 50 day moving average price is $108.27 and its 200-day moving average price is $111.51. Diageo plc has a 52-week low of $99.26 and a 52-week high of $142.73. The company has a market cap of $58.12 billion, a PE ratio of 15.25 and a beta of 0.56.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Morgan Stanley restated 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 on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus 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.

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