Diageo plc (NYSE:DEO) Shares Sold by PAX Financial Group LLC

PAX Financial Group LLC reduced its holdings in Diageo plc (NYSE:DEO) by 12.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 2,830 shares of the company’s stock after selling 392 shares during the quarter. PAX Financial Group LLC’s holdings in Diageo were worth $297,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. GeoWealth Management LLC lifted its holdings in shares of Diageo by 1.3% in the 4th quarter. GeoWealth Management LLC now owns 6,944 shares of the company’s stock valued at $883,000 after buying an additional 92 shares during the period. Aptus Capital Advisors LLC raised its holdings in Diageo by 5.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,867 shares of the company’s stock worth $237,000 after purchasing an additional 95 shares during the last quarter. Grove Bank & Trust raised its holdings in Diageo by 1.3% during the first quarter. Grove Bank & Trust now owns 7,560 shares of the company’s stock worth $792,000 after purchasing an additional 98 shares during the last quarter. Malaga Cove Capital LLC raised its holdings in Diageo by 3.3% during the fourth quarter. Malaga Cove Capital LLC now owns 3,101 shares of the company’s stock worth $394,000 after purchasing an additional 100 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in Diageo by 2.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,735 shares of the company’s stock worth $475,000 after purchasing an additional 103 shares during the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Performance

Diageo stock opened at $101.63 on Wednesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The stock has a fifty day moving average of $107.03 and a two-hundred day moving average of $110.50. The company has a market capitalization of $56.54 billion, a price-to-earnings ratio of 14.84 and a beta of 0.56. Diageo plc has a fifty-two week low of $99.26 and a fifty-two week high of $142.73.

Analyst Ratings Changes

Several equities analysts recently issued reports on DEO shares. Berenberg Bank started coverage on Diageo in a report on Wednesday, April 2nd. They set a “buy” rating for the company. Morgan Stanley reaffirmed an “underweight” rating on shares of Diageo in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Diageo presently has a consensus rating of “Hold” and an average target price 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.