Diageo plc (NYSE:DEO) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. cut its stake in Diageo plc (NYSE:DEO) by 29.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,616 shares of the company’s stock after selling 659 shares during the period. Wrapmanager Inc.’s holdings in Diageo were worth $205,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Great Diamond Partners LLC bought a new stake in Diageo during the fourth quarter valued at $32,000. Verus Capital Partners LLC bought a new stake in Diageo during the fourth quarter valued at $34,000. Sound Income Strategies LLC bought a new stake in Diageo during the first quarter valued at $35,000. Wealthcare Advisory Partners LLC increased its stake in Diageo by 82.6% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 221 shares of the company’s stock valued at $37,000 after purchasing an additional 100 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA increased its stake in Diageo by 47.5% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 233 shares of the company’s stock valued at $39,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 9.03% of the company’s stock.

Several research firms have weighed in on DEO. Royal Bank of Canada lowered shares of Diageo from an “outperform” rating to a “sector perform” rating in a research note on Monday, April 20th. Zacks Investment Research lowered shares of Diageo from a “hold” rating to a “sell” rating and set a $146.00 price target for the company. in a research report on Friday. Morgan Stanley lowered shares of Diageo from an “overweight” rating to an “equal weight” rating in a research report on Monday, April 20th. Jefferies Financial Group lowered shares of Diageo from a “hold” rating to an “underperform” rating in a research report on Friday, April 24th. Finally, Argus lowered shares of Diageo from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $160.50.

DEO stock opened at $138.67 on Friday. The company has a market capitalization of $81.42 billion, a P/E ratio of 20.54, a PEG ratio of 4.94 and a beta of 0.60. The company has a 50-day simple moving average of $133.94 and a 200 day simple moving average of $150.40. Diageo plc has a fifty-two week low of $100.52 and a fifty-two week high of $176.22. The company has a quick ratio of 0.53, a current ratio of 1.15 and a debt-to-equity ratio of 1.14.

Diageo Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

Recommended Story: Book Value Per Share – BVPS

Want to see what other hedge funds are holding DEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diageo plc (NYSE:DEO).

Institutional Ownership by Quarter for Diageo (NYSE:DEO)

Receive News & Ratings for Diageo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo and related companies with MarketBeat.com's FREE daily email newsletter.