Carnegie Capital Asset Management LLC Reduces Stock Position in Diageo plc (NYSE:DEO)

Carnegie Capital Asset Management LLC lowered its stake in Diageo plc (NYSE:DEO) by 11.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,251 shares of the company’s stock after selling 400 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Diageo were worth $413,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DEO. Global Retirement Partners LLC boosted its stake in shares of Diageo by 13.5% during the 4th quarter. Global Retirement Partners LLC now owns 545 shares of the company’s stock worth $92,000 after acquiring an additional 65 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Diageo by 4.1% during the 4th quarter. Sunbelt Securities Inc. now owns 1,728 shares of the company’s stock worth $291,000 after acquiring an additional 68 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of Diageo by 4.6% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,585 shares of the company’s stock worth $268,000 after acquiring an additional 70 shares during the last quarter. Carret Asset Management LLC boosted its stake in shares of Diageo by 4.7% during the 4th quarter. Carret Asset Management LLC now owns 1,570 shares of the company’s stock worth $264,000 after acquiring an additional 70 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA boosted its stake in shares of Diageo by 47.5% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 233 shares of the company’s stock worth $39,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 9.03% of the company’s stock.

Shares of NYSE DEO opened at $138.67 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.53 and a current ratio of 1.15. The company has a market cap of $81.42 billion, a P/E ratio of 20.64, a P/E/G ratio of 4.94 and a beta of 0.60. The firm’s fifty day moving average is $133.94 and its two-hundred day moving average is $150.40. Diageo plc has a 52-week low of $100.52 and a 52-week high of $176.22.

Several brokerages have recently weighed in on DEO. Edward Jones cut shares of Diageo from a “buy” rating to a “hold” rating in a research note on Thursday, April 23rd. Royal Bank of Canada cut shares of Diageo from an “outperform” rating to a “sector perform” rating in a research note on Monday, April 20th. Argus cut shares of Diageo from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. ValuEngine upgraded shares of Diageo from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Zacks Investment Research cut shares of Diageo from a “hold” rating to a “sell” rating and set a $146.00 target price on the stock. in a research note on Friday. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $160.50.

About Diageo

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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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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