Sky Investment Group LLC Sells 3,345 Shares of Diageo plc (NYSE:DEO)

Sky Investment Group LLC decreased its holdings in Diageo plc (NYSE:DEO) by 16.2% during the 1st quarter, HoldingsChannel reports. The firm owned 17,305 shares of the company’s stock after selling 3,345 shares during the quarter. Sky Investment Group LLC’s holdings in Diageo were worth $1,813,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Martin Capital Partners LLC bought a new stake in Diageo during the 1st quarter worth $1,046,000. CX Institutional bought a new stake in Diageo during the 1st quarter worth $104,000. Integrated Advisors Network LLC grew its position in Diageo by 36.1% during the 1st quarter. Integrated Advisors Network LLC now owns 2,690 shares of the company’s stock worth $282,000 after acquiring an additional 714 shares during the last quarter. Farther Finance Advisors LLC grew its position in Diageo by 8.2% during the 1st quarter. Farther Finance Advisors LLC now owns 18,680 shares of the company’s stock worth $1,952,000 after acquiring an additional 1,423 shares during the last quarter. Finally, Portside Wealth Group LLC grew its position in Diageo by 6.9% during the 1st quarter. Portside Wealth Group LLC now owns 4,957 shares of the company’s stock worth $519,000 after acquiring an additional 320 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

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

Diageo Trading Up 0.5%

NYSE DEO opened at $107.25 on Friday. The business’s 50-day moving average price is $110.27 and its two-hundred day moving average price is $114.04. Diageo plc has a 12 month low of $100.72 and a 12 month high of $142.73. The firm has a market capitalization of $59.67 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 2.39 and a beta of 0.58. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62.

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.