Hillman Capital Management Inc. Sells 7,844 Shares of Diageo plc $DEO

Hillman Capital Management Inc. cut its position in shares of Diageo plc (NYSE:DEO) by 21.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,355 shares of the company’s stock after selling 7,844 shares during the period. Hillman Capital Management Inc.’s holdings in Diageo were worth $2,960,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in DEO. Savant Capital LLC purchased a new stake in shares of Diageo in the 2nd quarter worth approximately $310,000. Philip James Wealth Mangement LLC raised its stake in Diageo by 81.8% in the second quarter. Philip James Wealth Mangement LLC now owns 33,107 shares of the company’s stock worth $3,338,000 after buying an additional 14,895 shares in the last quarter. Martin Capital Partners LLC lifted its holdings in Diageo by 225.8% during the second quarter. Martin Capital Partners LLC now owns 32,525 shares of the company’s stock worth $3,280,000 after buying an additional 22,542 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Diageo by 353.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 717,740 shares of the company’s stock worth $72,377,000 after buying an additional 559,547 shares during the period. Finally, Cobblestone Capital Advisors LLC NY boosted its position in Diageo by 5.1% during the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 127,388 shares of the company’s stock valued at $12,846,000 after acquiring an additional 6,145 shares in the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DEO. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Diageo in a research note on Friday, November 28th. UBS Group restated a “neutral” rating on shares of Diageo in a report on Wednesday, December 3rd. Barclays reiterated an “overweight” rating on shares of Diageo in a research note on Thursday. Zacks Research downgraded shares of Diageo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Diageo has a consensus rating of “Hold” and a consensus price target of $119.00.

Diageo Trading Up 1.5%

NYSE DEO opened at $89.14 on Friday. The company has a fifty day simple moving average of $92.95 and a two-hundred day simple moving average of $100.62. Diageo plc has a 12-month low of $85.13 and a 12-month high of $132.34. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64.

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.