GSB Wealth Management LLC Sells 6,648 Shares of Diageo plc (NYSE:DEO)

GSB Wealth Management LLC lessened its position in shares of Diageo plc (NYSE:DEO) by 72.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,474 shares of the company’s stock after selling 6,648 shares during the quarter. GSB Wealth Management LLC’s holdings in Diageo were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

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

Diageo Stock Performance

Shares of NYSE:DEO opened at $101.62 on Thursday. The business’s fifty day moving average price is $110.15 and its two-hundred day moving average price is $113.61. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The stock has a market capitalization of $56.53 billion, a price-to-earnings ratio of 14.83 and a beta of 0.58. Diageo plc has a fifty-two week low of $100.72 and a fifty-two week high of $142.73.

Analyst Ratings Changes

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

Diageo Company Profile

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.