Accent Capital Management LLC Lowers Holdings in Diageo plc (NYSE:DEO)

Accent Capital Management LLC cut its stake in Diageo plc (NYSE:DEO) by 26.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 347 shares of the company’s stock after selling 124 shares during the period. Accent Capital Management LLC’s holdings in Diageo were worth $50,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Beacon Capital Management LLC raised its stake in Diageo by 777.3% during the first quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock worth $29,000 after purchasing an additional 171 shares during the period. 1620 Investment Advisors Inc. purchased a new position in shares of Diageo in the 2nd quarter worth $25,000. Triad Wealth Partners LLC purchased a new position in shares of Diageo in the 2nd quarter worth $25,000. Concord Wealth Partners acquired a new position in Diageo in the third quarter valued at $38,000. Finally, Bruce G. Allen Investments LLC grew its position in Diageo by 1,395.0% during the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock valued at $42,000 after acquiring an additional 279 shares during the period. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DEO shares. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Diageo Trading Down 1.4 %

Shares of DEO opened at $118.16 on Friday. Diageo plc has a 12 month low of $117.84 and a 12 month high of $154.71. The stock’s 50-day moving average is $131.57 and its two-hundred day moving average is $131.76. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.

Diageo Company Profile

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