Diageo plc (NYSE:DEO) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC decreased its holdings in shares of Diageo plc (NYSE:DEOFree Report) by 5.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,659 shares of the company’s stock after selling 5,144 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Diageo were worth $13,077,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Morgan Stanley boosted its holdings in shares of Diageo by 13.2% during the fourth quarter. Morgan Stanley now owns 3,725,502 shares of the company’s stock worth $663,848,000 after purchasing an additional 433,105 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in Diageo by 98,968.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,023,969 shares of the company’s stock valued at $360,651,000 after acquiring an additional 2,021,926 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Diageo by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,924,396 shares of the company’s stock valued at $390,924,000 after acquiring an additional 12,035 shares during the last quarter. Royal Bank of Canada boosted its holdings in Diageo by 2.6% in the second quarter. Royal Bank of Canada now owns 1,159,692 shares of the company’s stock valued at $201,182,000 after acquiring an additional 29,369 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Diageo by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 827,463 shares of the company’s stock valued at $143,547,000 after acquiring an additional 15,085 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Price Performance

Shares of Diageo stock opened at $138.93 on Thursday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.63 and a quick ratio of 0.62. Diageo plc has a fifty-two week low of $135.63 and a fifty-two week high of $190.02. The business has a 50-day moving average price of $143.15 and a 200 day moving average price of $156.16.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. StockNews.com assumed coverage on Diageo in a report on Thursday, October 5th. They issued a “hold” rating on the stock. BNP Paribas lowered Diageo from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. Argus lowered Diageo from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. JPMorgan Chase & Co. lowered Diageo from an “overweight” rating to a “neutral” rating in a research report on Wednesday, November 29th. Finally, UBS Group lowered Diageo from a “neutral” rating to a “sell” rating in a research report on Tuesday, December 5th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $3,898.33.

Read Our Latest Research Report on Diageo

Diageo Profile

(Free Report)

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.

See Also

Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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