Diageo plc (NYSE:DEO) Shares Sold by Advocate Group LLC

Advocate Group LLC decreased its holdings in shares of Diageo plc (NYSE:DEO) by 11.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,987 shares of the company’s stock after selling 250 shares during the quarter. Advocate Group LLC’s holdings in Diageo were worth $253,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AE Wealth Management LLC lifted its holdings in Diageo by 106.8% in the 2nd quarter. AE Wealth Management LLC now owns 2,996 shares of the company’s stock worth $378,000 after buying an additional 1,547 shares in the last quarter. Sei Investments Co. raised its stake in Diageo by 1.7% during the second quarter. Sei Investments Co. now owns 133,341 shares of the company’s stock valued at $16,811,000 after buying an additional 2,230 shares in the last quarter. Marshall Wace LLP raised 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 period. Insigneo Advisory Services LLC raised its stake in Diageo by 9.0% during the second quarter. Insigneo Advisory Services LLC now owns 4,395 shares of the company’s stock worth $527,000 after acquiring an additional 362 shares during the period. Finally, Scientech Research LLC acquired a new stake in shares of Diageo during the 2nd quarter worth approximately $450,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Price Performance

Shares of Diageo stock opened at $124.53 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The company’s 50-day moving average price is $122.62 and its two-hundred day moving average price is $127.60. Diageo plc has a 52 week low of $113.99 and a 52 week high of $154.71.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. TD Cowen increased their price objective on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. UBS Group upgraded 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 report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $129.00.

Diageo 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.