MAI Capital Management Trims Stock Position in Diageo plc (NYSE:DEO)

MAI Capital Management lowered its stake in shares of Diageo plc (NYSE:DEOGet Rating) by 4.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 87,008 shares of the company’s stock after selling 3,691 shares during the period. MAI Capital Management’s holdings in Diageo were worth $19,154,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JNBA Financial Advisors raised its stake in shares of Diageo by 132.7% during the 4th quarter. JNBA Financial Advisors now owns 121 shares of the company’s stock valued at $27,000 after buying an additional 69 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Diageo during the 4th quarter valued at about $33,000. Arlington Partners LLC purchased a new position in shares of Diageo during the 4th quarter valued at about $36,000. Larson Financial Group LLC raised its stake in shares of Diageo by 67.0% during the 4th quarter. Larson Financial Group LLC now owns 167 shares of the company’s stock valued at $37,000 after buying an additional 67 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in shares of Diageo by 41.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 172 shares of the company’s stock valued at $38,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 9.23% of the company’s stock.

A number of equities analysts recently weighed in on DEO shares. Zacks Investment Research cut Diageo from a “hold” rating to a “sell” rating and set a $214.00 price target for the company. in a report on Friday, April 29th. Credit Suisse Group increased their target price on Diageo from GBX 4,500 ($55.47) to GBX 4,700 ($57.94) in a research report on Wednesday, April 6th. Barclays cut their price target on shares of Diageo from GBX 4,800 ($59.17) to GBX 4,700 ($57.94) in a report on Friday, April 22nd. Royal Bank of Canada upped their price objective on shares of Diageo from GBX 3,100 ($38.21) to GBX 3,200 ($39.45) in a research report on Friday, January 28th. Finally, JPMorgan Chase & Co. upgraded shares of Diageo from a “neutral” rating to an “overweight” rating in a research report on Thursday, March 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $2,923.17.

Shares of DEO stock traded up $0.90 on Tuesday, reaching $192.37. 208,036 shares of the company were exchanged, compared to its average volume of 399,770. The business has a 50-day moving average price of $198.27 and a 200 day moving average price of $203.16. The company has a quick ratio of 0.70, a current ratio of 1.52 and a debt-to-equity ratio of 1.40. Diageo plc has a 1 year low of $175.46 and a 1 year high of $223.14.

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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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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