Diageo plc (NYSE:DEO) Shares Sold by Kavar Capital Partners Group LLC

Kavar Capital Partners Group LLC lessened its stake in shares of Diageo plc (NYSE:DEO) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,543 shares of the company’s stock after selling 3,475 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in Diageo were worth $4,137,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP boosted its holdings in shares of Diageo by 10.5% during the second quarter. Marshall Wace LLP now owns 35,586 shares of the company’s stock worth $4,487,000 after purchasing an additional 3,386 shares during the last quarter. Scientech Research LLC purchased a new stake in Diageo in the 2nd quarter valued at about $450,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Diageo by 20.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 22,889 shares of the company’s stock valued at $2,886,000 after acquiring an additional 3,903 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Diageo by 17.2% during the 2nd quarter. NewEdge Advisors LLC now owns 15,227 shares of the company’s stock worth $1,920,000 after acquiring an additional 2,231 shares during the period. Finally, Sunbelt Securities Inc. boosted its position in shares of Diageo by 19.1% in the second quarter. Sunbelt Securities Inc. now owns 3,261 shares of the company’s stock worth $411,000 after acquiring an additional 524 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of DEO stock opened at $124.53 on Monday. The company’s fifty day simple moving average is $122.62 and its 200-day simple moving average is $127.59. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. Diageo plc has a 52 week low of $113.99 and a 52 week high of $154.71.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. TD Cowen upped their price target on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $129.00.

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.