Thornburg Investment Management Inc. Sells 13,320 Shares of Diageo plc $DEO

Thornburg Investment Management Inc. lessened its stake in shares of Diageo plc (NYSE:DEO) by 26.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,772 shares of the company’s stock after selling 13,320 shares during the period. Thornburg Investment Management Inc.’s holdings in Diageo were worth $3,259,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Focus Partners Wealth raised its holdings in Diageo by 22.5% during the fourth quarter. Focus Partners Wealth now owns 31,437 shares of the company’s stock worth $2,713,000 after acquiring an additional 5,775 shares in the last quarter. Infusive Asset Management Inc. raised its holdings in Diageo by 55.0% during the fourth quarter. Infusive Asset Management Inc. now owns 32,260 shares of the company’s stock worth $2,783,000 after acquiring an additional 11,441 shares in the last quarter. Barclays PLC raised its holdings in Diageo by 10,458.5% during the fourth quarter. Barclays PLC now owns 55,221 shares of the company’s stock worth $4,764,000 after acquiring an additional 54,698 shares in the last quarter. Aigen Investment Management LP raised its holdings in Diageo by 192.5% during the fourth quarter. Aigen Investment Management LP now owns 17,937 shares of the company’s stock worth $1,547,000 after acquiring an additional 11,804 shares in the last quarter. Finally, Transamerica Financial Advisors LLC raised its holdings in Diageo by 44.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,160 shares of the company’s stock worth $100,000 after acquiring an additional 355 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

NYSE:DEO opened at $80.31 on Tuesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60. The stock’s 50 day moving average price is $80.91 and its two-hundred day moving average price is $85.12. Diageo plc has a 12-month low of $72.45 and a 12-month high of $116.41.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Argus upgraded Diageo to a “hold” rating in a report on Tuesday, March 10th. BNP Paribas Exane upgraded Diageo from an “underperform” rating to a “neutral” rating in a report on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “hold” rating to a “buy” rating in a report on Tuesday, March 31st. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a report on Monday, April 20th. Finally, HSBC lowered Diageo from a “buy” rating to a “hold” rating in a research note on Monday, March 2nd. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $116.50.

Diageo Company Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.