GHP Investment Advisors Inc. Sells 160 Shares of Diageo plc (NYSE:DEO)

GHP Investment Advisors Inc. cut its holdings in shares of Diageo plc (NYSE:DEO) by 19.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 657 shares of the company’s stock after selling 160 shares during the period. GHP Investment Advisors Inc.’s holdings in Diageo were worth $84,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brooklyn Investment Group bought a new stake in shares of Diageo during the third quarter worth $25,000. Eastern Bank grew its holdings in Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares during the last quarter. Modus Advisors LLC bought a new stake in Diageo during the 4th quarter worth about $35,000. Concord Wealth Partners acquired a new stake in Diageo in the 3rd quarter valued at about $38,000. Finally, Bruce G. Allen Investments LLC raised its stake in shares of Diageo by 1,395.0% in the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after acquiring an additional 279 shares during the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Trading Down 1.3 %

DEO opened at $110.36 on Friday. Diageo plc has a fifty-two week low of $110.18 and a fifty-two week high of $154.71. The company has a market cap of $61.39 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 4.06 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. The firm has a 50 day simple moving average of $122.53 and a 200 day simple moving average of $126.91.

Wall Street Analyst Weigh In

DEO has been the topic of several research analyst reports. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. TD Cowen increased their price objective on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Finally, UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.