Sky Investment Group LLC reduced its holdings in Diageo plc (NYSE:DEO - Free Report) by 16.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,305 shares of the company's stock after selling 3,345 shares during the period. Sky Investment Group LLC's holdings in Diageo were worth $1,813,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of DEO. Brighton Jones LLC acquired a new stake in Diageo in the fourth quarter valued at approximately $202,000. Savant Capital LLC grew its holdings in Diageo by 5.0% in the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company's stock valued at $237,000 after purchasing an additional 88 shares during the period. Stonebridge Financial Group LLC acquired a new stake in Diageo in the fourth quarter valued at approximately $71,000. Beacon Financial Group grew its holdings in Diageo by 112.7% in the fourth quarter. Beacon Financial Group now owns 7,050 shares of the company's stock valued at $896,000 after purchasing an additional 3,735 shares during the period. Finally, Kentucky Trust Co acquired a new stake in Diageo in the fourth quarter valued at approximately $83,000. 8.97% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. Berenberg Bank assumed coverage on Diageo in a research note on Wednesday, April 2nd. They issued a "buy" rating on the stock. Morgan Stanley reaffirmed an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $129.00.
Read Our Latest Stock Report on DEO
Diageo Price Performance
Shares of NYSE:DEO traded down $2.14 during trading on Monday, reaching $103.15. The stock had a trading volume of 2,068,694 shares, compared to its average volume of 958,849. The business has a fifty day moving average price of $110.36 and a 200-day moving average price of $113.77. The stock has a market cap of $57.38 billion, a PE ratio of 15.06, a PEG ratio of 2.39 and a beta of 0.58. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. Diageo plc has a 1-year low of $100.72 and a 1-year high of $142.73.
Diageo Company 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.
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