Waverly Advisors LLC Sells 8,579 Shares of Diageo plc $DEO

Waverly Advisors LLC lessened its holdings in Diageo plc (NYSE:DEO) by 18.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,785 shares of the company’s stock after selling 8,579 shares during the period. Waverly Advisors LLC’s holdings in Diageo were worth $2,888,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management grew its stake in shares of Diageo by 123.6% during the fourth quarter. Spire Wealth Management now owns 322 shares of the company’s stock worth $28,000 after buying an additional 178 shares during the last quarter. Sound Income Strategies LLC lifted its stake in shares of Diageo by 8,000.0% in the 4th quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock valued at $29,000 after acquiring an additional 320 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Diageo in the 4th quarter valued at $30,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Diageo during the 1st quarter valued at $34,000. Finally, Cromwell Holdings LLC acquired a new stake in shares of Diageo during the 4th quarter valued at $49,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Up 0.3%

NYSE:DEO opened at $89.16 on Thursday. 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 firm has a fifty day simple moving average of $82.43 and a two-hundred day simple moving average of $83.86. Diageo plc has a 12 month low of $72.45 and a 12 month high of $116.41.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Loop Capital set a $99.00 target price on shares of Diageo in a report on Thursday, June 18th. TD Cowen upgraded shares of Diageo from a “hold” rating to a “buy” rating and lifted their price target for the stock from $88.00 to $93.00 in a report on Thursday, June 25th. Zacks Research cut shares of Diageo from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a report on Friday, July 17th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $106.25.

About Diageo

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.