Diageo plc (NYSE:DEO) Holdings Decreased by London Co. of Virginia

London Co. of Virginia lessened its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,123,030 shares of the company's stock after selling 127,114 shares during the quarter. London Co. of Virginia owned approximately 0.20% of Diageo worth $142,771,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DEO. Canoe Financial LP boosted its stake in Diageo by 88,407.3% in the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock worth $1,031,465,000 after buying an additional 8,104,301 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Diageo by 11.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company's stock worth $4,795,000 after buying an additional 3,964 shares during the last quarter. Maia Wealth LLC boosted its stake in Diageo by 24.7% in the 4th quarter. Maia Wealth LLC now owns 13,112 shares of the company's stock worth $1,648,000 after buying an additional 2,593 shares during the last quarter. Aviso Financial Inc. boosted its stake in Diageo by 3.4% in the 4th quarter. Aviso Financial Inc. now owns 242,637 shares of the company's stock worth $30,846,000 after buying an additional 7,954 shares during the last quarter. Finally, Tevis Investment Management grew its holdings in shares of Diageo by 159.7% during the 4th quarter. Tevis Investment Management now owns 13,869 shares of the company's stock worth $1,763,000 after purchasing an additional 8,528 shares during the period. Hedge funds and other institutional investors own 8.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DEO. Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a research report on Monday. Finally, Berenberg Bank began coverage on Diageo in a research report on Wednesday, April 2nd. They set a "buy" rating on the stock. Two investment 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $129.00.

Diageo Stock Up 0.2%

Shares of DEO traded up $0.24 during trading on Friday, reaching $115.03. The company's stock had a trading volume of 655,882 shares, compared to its average volume of 939,055. The company has a fifty day moving average of $109.20 and a two-hundred day moving average of $115.59. Diageo plc has a twelve month low of $100.72 and a twelve month high of $142.73. The company has a market cap of $63.99 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 2.39 and a beta of 0.60. 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.