Diageo plc (NYSE:DEO) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC lowered its position in shares of Diageo plc (NYSE:DEO) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,737 shares of the company’s stock after selling 236 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Diageo were worth $287,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in Diageo by 11.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company’s stock worth $4,795,000 after acquiring an additional 3,964 shares during the last quarter. Maia Wealth LLC boosted its position in Diageo by 24.7% during the fourth quarter. Maia Wealth LLC now owns 13,112 shares of the company’s stock worth $1,648,000 after acquiring an additional 2,593 shares during the last quarter. Aviso Financial Inc. boosted its holdings in shares of Diageo by 3.4% in the 4th quarter. Aviso Financial Inc. now owns 242,637 shares of the company’s stock valued at $30,846,000 after purchasing an additional 7,954 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Diageo by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 348,598 shares of the company’s stock valued at $44,317,000 after purchasing an additional 8,656 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Diageo by 9.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,220,534 shares of the company’s stock valued at $155,167,000 after purchasing an additional 103,540 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Performance

NYSE:DEO opened at $101.62 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $56.53 billion, a price-to-earnings ratio of 14.83 and a beta of 0.58. The firm’s fifty day simple moving average is $110.04 and its 200 day simple moving average is $113.48. Diageo plc has a twelve month low of $100.72 and a twelve month high of $142.73.

Analysts Set New Price Targets

A number of brokerages have weighed in on DEO. Morgan Stanley reiterated an “underweight” rating on shares of Diageo in a report on Monday, May 12th. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Berenberg Bank began coverage on shares of Diageo in a report on Wednesday, April 2nd. They issued a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $129.00.

About Diageo

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.