Choreo LLC Sells 897 Shares of Diageo plc (NYSE:DEO)

Choreo LLC reduced its position in shares of Diageo plc (NYSE:DEO) by 11.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,769 shares of the company’s stock after selling 897 shares during the quarter. Choreo LLC’s holdings in Diageo were worth $858,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its stake in shares of Diageo by 1.1% during the 3rd quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock worth $1,143,000 after purchasing an additional 85 shares during the last quarter. Alliance Wealth Advisors LLC UT grew its holdings in Diageo by 2.6% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock worth $430,000 after purchasing an additional 86 shares during the period. Diversified Trust Co increased its position in Diageo by 5.6% during the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock worth $236,000 after buying an additional 98 shares during the last quarter. Malaga Cove Capital LLC raised its stake in Diageo by 3.4% in the third quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock valued at $421,000 after buying an additional 100 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in shares of Diageo by 1.5% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 7,218 shares of the company’s stock valued at $918,000 after buying an additional 105 shares during the last quarter. 8.97% of the stock is owned by institutional investors.

Diageo Trading Down 1.3 %

Shares of NYSE DEO opened at $110.36 on Monday. The business’s 50 day moving average is $122.35 and its 200-day moving average is $126.77. The company has a current ratio of 1.60, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. Diageo plc has a 1-year low of $110.18 and a 1-year high of $154.71.

Analyst Ratings Changes

A number of research analysts recently weighed in on DEO shares. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. TD Cowen upped their price objective on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus 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.