Clarkston Capital Partners LLC Has $19.63 Million Stock Position in Diageo plc $DEO

Clarkston Capital Partners LLC lowered its position in Diageo plc (NYSE:DEO) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 194,684 shares of the company’s stock after selling 1,060 shares during the quarter. Clarkston Capital Partners LLC’s holdings in Diageo were worth $19,632,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DEO. Brighton Jones LLC acquired a new stake in Diageo during the fourth quarter worth $202,000. Avantax Advisory Services Inc. boosted its position in shares of Diageo by 15.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 14,900 shares of the company’s stock valued at $1,561,000 after acquiring an additional 2,016 shares in the last quarter. Pacer Advisors Inc. increased its stake in Diageo by 5.0% in the first quarter. Pacer Advisors Inc. now owns 4,958 shares of the company’s stock valued at $520,000 after acquiring an additional 238 shares during the period. LPL Financial LLC raised its position in Diageo by 2.2% in the first quarter. LPL Financial LLC now owns 434,735 shares of the company’s stock worth $45,556,000 after purchasing an additional 9,306 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Diageo in the first quarter worth about $426,000. 8.97% of the stock is currently owned by institutional investors.

Diageo Price Performance

DEO stock opened at $90.67 on Friday. The business has a fifty day moving average price of $94.36 and a 200 day moving average price of $102.42. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64. Diageo plc has a fifty-two week low of $86.57 and a fifty-two week high of $132.34.

Analyst Ratings Changes

A number of research firms have weighed in on DEO. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a report on Wednesday, October 8th. Bank of America lowered their price target on Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research report on Friday, September 26th. The Goldman Sachs Group raised Diageo from a “sell” rating to a “neutral” rating in a report on Thursday, August 7th. Finally, Zacks Research downgraded shares of Diageo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $119.00.

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.