Diageo plc (NYSE:DEO) Shares Sold by Prevatt Capital Ltd

Prevatt Capital Ltd lessened its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,000 shares of the company's stock after selling 20,000 shares during the quarter. Diageo comprises approximately 5.9% of Prevatt Capital Ltd's portfolio, making the stock its 11th biggest position. Prevatt Capital Ltd's holdings in Diageo were worth $20,341,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Canoe Financial LP raised its position in Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock worth $1,031,465,000 after acquiring an additional 8,104,301 shares in the last quarter. FMR LLC raised its position in Diageo by 10.9% in the fourth quarter. FMR LLC now owns 5,813,938 shares of the company's stock worth $739,126,000 after acquiring an additional 571,873 shares in the last quarter. Kovitz Investment Group Partners LLC raised its position in Diageo by 234.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,600,702 shares of the company's stock worth $330,627,000 after acquiring an additional 1,822,994 shares in the last quarter. Bank of Montreal Can raised its position in Diageo by 1,181.5% in the fourth quarter. Bank of Montreal Can now owns 1,406,004 shares of the company's stock worth $178,745,000 after acquiring an additional 1,296,285 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Diageo by 9.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,220,534 shares of the company's stock worth $155,167,000 after acquiring an additional 103,540 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company's stock.

Diageo Price Performance

Shares of DEO traded up $0.24 during trading hours on Friday, reaching $115.03. 655,882 shares of the company traded hands, compared to its average volume of 941,870. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $63.99 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 2.39 and a beta of 0.60. Diageo plc has a fifty-two week low of $100.72 and a fifty-two week high of $142.73. The stock has a fifty day simple moving average of $109.20 and a 200 day simple moving average of $115.51.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. Berenberg Bank assumed coverage on Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a report 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 assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.