Thornburg Investment Management Inc. Sells 13,320 Shares of Diageo plc $DEO

Thornburg Investment Management Inc. lowered its position in shares of Diageo plc (NYSE:DEO) by 26.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 37,772 shares of the company’s stock after selling 13,320 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Diageo were worth $3,259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in DEO. Spire Wealth Management increased its stake in shares of Diageo by 123.6% during the fourth quarter. Spire Wealth Management now owns 322 shares of the company’s stock worth $28,000 after purchasing an additional 178 shares during the period. Sound Income Strategies LLC increased its stake in shares of Diageo by 8,000.0% during the fourth quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock worth $29,000 after purchasing an additional 320 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of Diageo during the fourth quarter worth approximately $30,000. Texas Capital Bancshares Inc TX bought a new position in shares of Diageo during the third quarter worth approximately $32,000. Finally, GGM Financials LLC bought a new position in shares of Diageo during the third quarter worth approximately $36,000. Institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DEO. Zacks Research upgraded Diageo from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Argus upgraded Diageo to a “hold” rating in a research note on Tuesday, March 10th. BNP Paribas Exane upgraded Diageo from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research report on Monday, April 20th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Diageo currently has a consensus rating of “Hold” and an average target price of $116.50.

Diageo Stock Performance

Shares of NYSE:DEO opened at $80.31 on Tuesday. Diageo plc has a 1 year low of $72.45 and a 1 year high of $116.41. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.71. The business’s 50 day simple moving average is $80.91 and its 200 day simple moving average is $85.12.

Diageo Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.