Signaturefd LLC Lowers Holdings in Diageo plc (NYSE:DEO)

Signaturefd LLC reduced its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 53.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 3,950 shares of the company's stock after selling 4,605 shares during the period. Signaturefd LLC's holdings in Diageo were worth $414,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. GeoWealth Management LLC boosted its holdings in Diageo by 1.3% in the fourth quarter. GeoWealth Management LLC now owns 6,944 shares of the company's stock worth $883,000 after purchasing an additional 92 shares during the last quarter. Aptus Capital Advisors LLC increased its stake in Diageo by 5.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,867 shares of the company's stock valued at $237,000 after purchasing an additional 95 shares in the last quarter. Grove Bank & Trust increased its stake in shares of Diageo by 1.3% in the first quarter. Grove Bank & Trust now owns 7,560 shares of the company's stock worth $792,000 after acquiring an additional 98 shares during the period. Malaga Cove Capital LLC lifted its holdings in Diageo by 3.3% during the fourth quarter. Malaga Cove Capital LLC now owns 3,101 shares of the company's stock valued at $394,000 after purchasing an additional 100 shares in the last quarter. Finally, Absher Wealth Management LLC raised its position in shares of Diageo by 2.0% in the first quarter. Absher Wealth Management LLC now owns 5,986 shares of the company's stock valued at $627,000 after buying an additional 115 shares during the last quarter. 8.97% of the stock is owned by institutional investors.

Diageo Trading Down 1.1%

Shares of NYSE DEO traded down $1.13 during midday trading on Monday, hitting $102.12. The company's stock had a trading volume of 1,966,564 shares, compared to its average volume of 996,373. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. Diageo plc has a 1-year low of $99.26 and a 1-year high of $142.73. The firm's fifty day moving average price is $106.29 and its 200-day moving average price is $109.90.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DEO. Morgan Stanley restated an "underweight" rating on shares of Diageo in a report on Monday, May 12th. Berenberg Bank initiated coverage on shares of Diageo in a research note on Wednesday, April 2nd. They set a "buy" rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company 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.