Signaturefd LLC cut its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 53.8% in the 1st quarter, according to its most recent Form 13F 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 filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. CoreFirst Bank & Trust bought a new position in shares of Diageo in the 4th quarter valued at $25,000. Orion Capital Management LLC bought a new stake in Diageo during the 4th quarter worth approximately $25,000. BNP Paribas bought a new position in shares of Diageo in the fourth quarter valued at approximately $32,000. Measured Risk Portfolios Inc. purchased a new position in Diageo in the fourth quarter valued at approximately $32,000. Finally, Perkins Coie Trust Co purchased a new stake in shares of Diageo during the first quarter worth $27,000. 8.97% of the stock is owned by institutional investors and hedge funds.
Diageo Stock Performance
NYSE:DEO opened at $103.18 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The company's 50-day moving average price is $106.53 and its 200-day moving average price is $110.29. Diageo plc has a twelve month low of $99.26 and a twelve month high of $142.73. The company has a market cap of $57.40 billion, a P/E ratio of 15.06 and a beta of 0.56.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on DEO shares. Berenberg Bank began coverage on Diageo in a research note on Wednesday, April 2nd. They set a "buy" rating on the stock. Morgan Stanley reaffirmed an "underweight" rating on shares of Diageo in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $129.00.
Check Out Our Latest Research Report on DEO
Diageo 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.
Read More
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