Charter Trust Co. reduced its stake in Diageo plc (NYSE:DEO) by 4.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,000 shares of the company’s stock after selling 100 shares during the period. Charter Trust Co.’s holdings in Diageo were worth $254,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Advisory Inc. boosted its holdings in shares of Diageo by 3.8% in the fourth quarter. Charles Schwab Investment Advisory Inc. now owns 2,307,904 shares of the company’s stock worth $388,697,000 after acquiring an additional 84,661 shares during the period. Nuance Investments LLC boosted its holdings in shares of Diageo by 295.0% in the first quarter. Nuance Investments LLC now owns 970,570 shares of the company’s stock worth $123,379,000 after acquiring an additional 724,851 shares during the period. Confluence Investment Management LLC boosted its holdings in shares of Diageo by 1.7% in the first quarter. Confluence Investment Management LLC now owns 925,268 shares of the company’s stock worth $117,620,000 after acquiring an additional 15,402 shares during the period. HS Management Partners LLC boosted its stake in Diageo by 3.3% during the first quarter. HS Management Partners LLC now owns 879,285 shares of the company’s stock valued at $111,775,000 after buying an additional 28,421 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Diageo by 14.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 682,613 shares of the company’s stock valued at $86,773,000 after buying an additional 83,970 shares during the period. 10.01% of the stock is owned by hedge funds and other institutional investors.
NYSE DEO traded down $6.96 during trading hours on Thursday, reaching $139.53. 13,861 shares of the stock traded hands, compared to its average volume of 612,086. The stock has a 50 day simple moving average of $139.01 and a two-hundred day simple moving average of $148.76. Diageo plc has a 1 year low of $100.52 and a 1 year high of $176.22. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.15 and a quick ratio of 0.53. The company has a market cap of $85.97 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 5.28 and a beta of 0.59.
Several equities research analysts recently issued reports on the company. Societe Generale reissued a “sell” rating on shares of Diageo in a research note on Thursday, June 4th. Jefferies Financial Group lowered Diageo from a “hold” rating to an “underperform” rating in a research note on Friday, April 24th. Edward Jones lowered Diageo from a “buy” rating to a “hold” rating in a research note on Thursday, April 23rd. Royal Bank of Canada lowered Diageo from an “outperform” rating to a “sector perform” rating in a research note on Monday, April 20th. Finally, Barclays reissued an “overweight” rating on shares of Diageo in a research note on Tuesday, May 26th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $134.50.
Diageo Company Profile
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
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