Diageo plc (NYSE:DEO) Shares Sold by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC lessened its stake in shares of Diageo plc (NYSE:DEO) by 13.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,091 shares of the company’s stock after selling 775 shares during the period. Thoroughbred Financial Services LLC’s holdings in Diageo were worth $533,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of DEO. Marble Harbor Investment Counsel LLC increased its stake in Diageo by 5.4% during the 1st quarter. Marble Harbor Investment Counsel LLC now owns 23,914 shares of the company’s stock worth $2,506,000 after buying an additional 1,215 shares in the last quarter. Argent Trust Co increased its position in shares of Diageo by 1.7% during the first quarter. Argent Trust Co now owns 12,136 shares of the company’s stock worth $1,272,000 after purchasing an additional 207 shares in the last quarter. Avalon Trust Co increased its position in shares of Diageo by 2,841.2% during the first quarter. Avalon Trust Co now owns 500 shares of the company’s stock worth $52,000 after purchasing an additional 483 shares in the last quarter. Cheviot Value Management LLC acquired a new position in Diageo in the 1st quarter valued at $31,000. Finally, Jefferies Financial Group Inc. purchased a new position in Diageo in the 1st quarter valued at $220,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Up 5.3%

Shares of DEO opened at $107.13 on Thursday. Diageo plc has a 52-week low of $96.45 and a 52-week high of $142.73. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The stock has a fifty day simple moving average of $103.91 and a two-hundred day simple moving average of $108.50. The company has a market capitalization of $59.60 billion, a PE ratio of 15.64 and a beta of 0.53.

Analysts Set New Price Targets

Separately, Morgan Stanley reiterated an “underweight” rating on shares of Diageo in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $129.00.

Diageo 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.