Clark Estates Inc. NY Sells 30,000 Shares of Diageo plc $DEO

Clark Estates Inc. NY reduced its stake in shares of Diageo plc (NYSE:DEO) by 20.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,000 shares of the company’s stock after selling 30,000 shares during the quarter. Diageo comprises 2.5% of Clark Estates Inc. NY’s portfolio, making the stock its 11th biggest position. Clark Estates Inc. NY’s holdings in Diageo were worth $10,974,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in DEO. Equity Investment Corp acquired a new position in shares of Diageo in the 3rd quarter valued at approximately $92,970,000. Federated Hermes Inc. grew its position in Diageo by 7.2% in the third quarter. Federated Hermes Inc. now owns 726,578 shares of the company’s stock valued at $69,337,000 after purchasing an additional 48,909 shares in the last quarter. Savant Capital LLC acquired a new stake in shares of Diageo in the second quarter valued at about $310,000. Osaic Holdings Inc. increased its position in shares of Diageo by 42.2% during the 2nd quarter. Osaic Holdings Inc. now owns 99,998 shares of the company’s stock worth $10,099,000 after purchasing an additional 29,674 shares during the last quarter. Finally, Confluence Investment Management LLC increased its holdings in Diageo by 0.9% during the third quarter. Confluence Investment Management LLC now owns 1,363,504 shares of the company’s stock worth $130,119,000 after buying an additional 12,678 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Royal Bank Of Canada upgraded Diageo from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Diageo in a research note on Friday, November 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a research report on Wednesday, January 21st. UBS Group reaffirmed a “neutral” rating on shares of Diageo in a report on Wednesday, December 3rd. Finally, Sanford C. Bernstein set a $124.00 price objective on Diageo and gave the stock an “outperform” rating in a research report on Monday, December 29th. Five investment 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’s stock. According to data from MarketBeat.com, Diageo presently has a consensus rating of “Hold” and an average price target of $116.50.

Diageo Price Performance

Shares of DEO opened at $100.32 on Monday. The stock’s 50-day moving average price is $91.17 and its two-hundred day moving average price is $96.02. Diageo plc has a 12 month low of $84.52 and a 12 month high of $116.69. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64.

About Diageo

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.