Strategy Asset Managers LLC trimmed its holdings in shares of Diageo plc (NYSE:DEO) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,060 shares of the company’s stock after selling 2,244 shares during the quarter. Diageo accounts for approximately 2.2% of Strategy Asset Managers LLC’s investment portfolio, making the stock its 12th largest holding. Strategy Asset Managers LLC’s holdings in Diageo were worth $9,990,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in DEO. Bangor Savings Bank grew its stake in Diageo by 7.7% in the first quarter. Bangor Savings Bank now owns 2,512 shares of the company’s stock valued at $411,000 after purchasing an additional 179 shares during the last quarter. Hilltop Holdings Inc. grew its stake in Diageo by 3.0% in the fourth quarter. Hilltop Holdings Inc. now owns 4,147 shares of the company’s stock valued at $588,000 after purchasing an additional 119 shares during the last quarter. Atwater Malick LLC purchased a new position in Diageo in the fourth quarter valued at about $3,859,000. Flagship Harbor Advisors LLC grew its stake in Diageo by 22.3% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,518 shares of the company’s stock valued at $357,000 after purchasing an additional 459 shares during the last quarter. Finally, Covington Capital Management grew its stake in Diageo by 2.0% in the fourth quarter. Covington Capital Management now owns 10,184 shares of the company’s stock valued at $1,444,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 10.55% of the company’s stock.
Several research firms have issued reports on DEO. Zacks Investment Research upgraded Diageo from a “sell” rating to a “hold” rating in a research note on Tuesday. Liberum Capital upgraded Diageo from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st. Barclays began coverage on Diageo in a research note on Monday, April 1st. They issued an “overweight” rating on the stock. Finally, Investec lowered Diageo from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Diageo currently has a consensus rating of “Hold” and a consensus price target of $164.75.
Shares of DEO stock traded up $0.14 during trading hours on Tuesday, reaching $169.63. 5,673 shares of the company’s stock were exchanged, compared to its average volume of 381,404. Diageo plc has a 1 year low of $131.43 and a 1 year high of $171.58. The firm has a market capitalization of $103.29 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 3.01 and a beta of 0.54. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.73 and a current ratio of 1.48.
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Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
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