HS Management Partners LLC Trims Stake in Diageo plc (NYSE:DEO)

HS Management Partners LLC trimmed its stake in Diageo plc (NYSE:DEO – Get Rating) by 2.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 392,025 shares of the company’s stock after selling 10,475 shares during the period. Diageo accounts for approximately 2.3% of HS Management Partners LLC’s holdings, making the stock its 20th largest position. HS Management Partners LLC owned about 0.07% of Diageo worth $86,300,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. FMR LLC increased its stake in Diageo by 586.2% in the 1st quarter. FMR LLC now owns 309,135 shares of the company’s stock worth $50,578,000 after buying an additional 264,083 shares in the last quarter. OLD Mission Capital LLC purchased a new stake in Diageo in the 3rd quarter worth $2,642,000. TD Asset Management Inc. increased its stake in Diageo by 2.3% in the 3rd quarter. TD Asset Management Inc. now owns 9,192 shares of the company’s stock worth $1,774,000 after buying an additional 209 shares in the last quarter. BlackRock Inc. increased its stake in Diageo by 1.6% in the 3rd quarter. BlackRock Inc. now owns 675,941 shares of the company’s stock worth $130,456,000 after buying an additional 10,682 shares in the last quarter. Finally, Barclays PLC increased its stake in Diageo by 2,667.3% in the 3rd quarter. Barclays PLC now owns 4,234 shares of the company’s stock worth $817,000 after buying an additional 4,081 shares in the last quarter. Hedge funds and other institutional investors own 9.23% of the company’s stock.

Diageo stock traded up $0.90 during mid-day trading on Tuesday, reaching $192.37. 208,036 shares of the company’s stock were exchanged, compared to its average volume of 399,770. Diageo plc has a twelve month low of $175.46 and a twelve month high of $223.14. The company has a fifty day moving average of $198.38 and a 200-day moving average of $203.08. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.52 and a quick ratio of 0.70.

A number of equities research analysts have issued reports on DEO shares. Zacks Investment Research lowered Diageo from a “hold” rating to a “sell” rating and set a $214.00 price target for the company. in a research note on Friday, April 29th. StockNews.com upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Tuesday, May 10th. JPMorgan Chase & Co. raised shares of Diageo from a “neutral” rating to an “overweight” rating in a report on Thursday, March 17th. Societe Generale increased their price target on shares of Diageo from GBX 4,250 ($52.39) to GBX 4,500 ($55.47) in a report on Tuesday, April 19th. Finally, Credit Suisse Group raised their price objective on shares of Diageo from GBX 4,500 ($55.47) to GBX 4,700 ($57.94) in a research note on Wednesday, April 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $2,923.17.

Diageo Company Profile (Get Rating)

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.

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