Diageo plc $DEO Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC lowered its position in shares of Diageo plc (NYSE:DEO) by 71.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 55,110 shares of the company’s stock after selling 139,574 shares during the quarter. Clarkston Capital Partners LLC’s holdings in Diageo were worth $5,259,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC purchased a new stake in Diageo in the 2nd quarter valued at about $26,000. Arlington Trust Co LLC lifted its holdings in shares of Diageo by 3,885.7% during the 3rd quarter. Arlington Trust Co LLC now owns 279 shares of the company’s stock worth $27,000 after acquiring an additional 272 shares during the period. Bell Investment Advisors Inc lifted its holdings in shares of Diageo by 94.7% during the 2nd quarter. Bell Investment Advisors Inc now owns 292 shares of the company’s stock worth $29,000 after acquiring an additional 142 shares during the period. New England Capital Financial Advisors LLC acquired a new stake in shares of Diageo in the third quarter worth approximately $29,000. Finally, HHM Wealth Advisors LLC boosted its position in shares of Diageo by 76.5% in the second quarter. HHM Wealth Advisors LLC now owns 330 shares of the company’s stock worth $33,000 after acquiring an additional 143 shares during the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Performance

NYSE:DEO opened at $81.87 on Monday. The company has a current ratio of 1.60, a quick ratio of 0.71 and a debt-to-equity ratio of 1.53. Diageo plc has a one year low of $80.79 and a one year high of $116.69. The business’s 50-day simple moving average is $91.26 and its 200 day simple moving average is $94.37.

Wall Street Analyst Weigh In

DEO has been the subject of a number of research analyst reports. HSBC downgraded Diageo from a “buy” rating to a “hold” rating in a report on Monday, March 2nd. Royal Bank Of Canada upgraded Diageo from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Diageo in a research note on Friday, November 28th. Sanford C. Bernstein set a $124.00 price objective on Diageo and gave the stock an “outperform” rating in a report on Monday, December 29th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Diageo in a research note on Wednesday, December 3rd. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Diageo presently has an average rating of “Hold” and an average price target of $116.50.

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.