Thornburg Investment Management Inc. Sells 3,309 Shares of Diageo plc (NYSE:DEO)

Thornburg Investment Management Inc. trimmed its position in shares of Diageo plc (NYSE:DEO - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,404 shares of the company's stock after selling 3,309 shares during the period. Thornburg Investment Management Inc.'s holdings in Diageo were worth $3,738,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DEO. CoreFirst Bank & Trust acquired a new stake in shares of Diageo in the fourth quarter valued at approximately $25,000. BNP Paribas bought a new stake in Diageo in the 4th quarter valued at $32,000. Measured Risk Portfolios Inc. acquired a new stake in Diageo during the 4th quarter valued at $32,000. Kestra Investment Management LLC acquired a new stake in Diageo during the 4th quarter valued at $36,000. Finally, Heck Capital Advisors LLC bought a new position in Diageo during the fourth quarter worth $47,000. 8.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DEO shares. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. Berenberg Bank started coverage on Diageo in a report on Wednesday, April 2nd. They set a "buy" rating for the company. Finally, Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $129.00.

Diageo Price Performance

Shares of NYSE:DEO traded down $3.02 during trading on Thursday, reaching $110.93. 651,669 shares of the company traded hands, compared to its average volume of 940,813. The firm has a market capitalization of $61.71 billion, a PE ratio of 16.19, a PEG ratio of 2.39 and a beta of 0.60. The company's 50 day moving average is $109.57 and its two-hundred day moving average is $115.36. Diageo plc has a 52 week low of $100.72 and a 52 week high of $142.73. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

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.