Sterling Investment Advisors Ltd. reduced its stake in Diageo plc (NYSE: DEO – Get Rating) by 11.5% in the third quarter, according to its latest 13F filings with the Securities and Exchange Commission. The fund owned his 4,346 shares of the company’s stock after selling his 564 shares during the quarter. Sterling Investment Advisors Limited’s Diageo holdings were valued at $738,000 as of the most recent filing with the Securities and Exchange Commission.
→ Potential for huge upside from ‘amazing’ solar demand (From investment trends)
Other hedge funds and other institutional investors have also recently changed positions in the company. Wolff Wiese Magana LLC increased his Diageo stake by 135.5% in the second quarter. Wolff Wiese Magana LLC now owns 146 shares worth $25,000 after purchasing an additional 84 shares during the previous quarter. Pinnacle Holdings LLC purchased new shares in his Diageo worth approximately $33,000 in the first quarter. Heritage Financial Services LLC acquired a new stake in Diageo worth approximately $34,000 in the second quarter. Hexagon Capital Partners LLC boosted his position in Diageo by 206.2% in the second quarter. Hexagon Capital Partners LLC now owns 199 shares worth $35,000 after purchasing an additional 134 shares during this period. Finally, Bogart Wealth LLC boosted his Diageo position by 10,000.0% in the second quarter. Bogart Wealth LLC now owns 202 shares of the company stock valued at $35,000 after purchasing an additional 200 shares during this period. 9.04% of the shares are owned by institutional investors.
Diageo price/performance ratio
DEO shares climbed $2.21 in Thursday noon trading to reach $185.64. His 2,657 shares of the company’s stock were hand traded, compared to an average turnover of 437,916. Diageo plc has a 52-week low of $160.09 and a 52-week high of $212.33. The company has an equity ratio of 1.60, a quick ratio of 0.69 and a current ratio of 1.53. The company has a 50-day moving average price of $181.13 and a 200-day moving average price of $177.62.
Analyst Rating Change
DEO has been the topic of several recent research papers. Erste Group Bank lowered its rating on Diageo shares from ‘buy’ to ‘hold’ in a research report on Friday, November 18. Morgan Stanley downgraded Diageo shares from an ‘overweight’ rating to an ‘equal weight’ rating in a research report on Friday, January 6. UBS Group downgraded Diageo’s stock from a ‘buy’ rating to a ‘neutral’ rating in a research report on Thursday, January 12. Deutsche Bank Aktiengesellschaft lowered its target price for Diageo shares from He GBX 3,160 ($38.56) to He GBX 2,750 ($33.56) in a research report on Thursday, Jan. 12. Finally, StockNews.com kicked off his coverage of Diageo shares in his Wednesday Oct. 12 investigative report. They gave the stock a Buy rating. One investment analyst gave the stock a Sell rating, six assigned a Hold rating, and two assigned a Buy rating. According to MarketBeat.com data, Diageo currently has an average rating of “pending” and a consensus price target of $4,113.33.
Diageo plc, together with its subsidiaries, manufactures, markets and sells alcoholic beverages. The Company offers beer, including scotch, whiskey, gin, vodka, rum, ready-to-drink, raki, liqueurs, wine, tequila, Canadian whiskey, American whiskey, kashaka, brandy, cider and non-alcoholic products.
This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to firstname.lastname@example.org.
Before you consider Diageo, listen to this.
MarketBeat tracks Wall Street’s most acclaimed and top performing research analysts and the stocks they recommend to clients every day. MarketBeat has identified five stocks top analysts are quietly whispering to clients to buy now before the broader market catches on…and Diageo wasn’t on the list .
Diageo currently has a “Hold” rating among analysts, but the top-rated analysts think these five stocks are the better buys.
See 5 stocks here