Squarepoint Ops LLC Lowers Holdings in Diageo plc $DEO

Squarepoint Ops LLC reduced its position in shares of Diageo plc (NYSE:DEO) by 43.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,996 shares of the company’s stock after selling 18,228 shares during the quarter. Squarepoint Ops LLC’s holdings in Diageo were worth $2,420,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

Several analysts have issued reports on DEO shares. UBS Group reaffirmed a “neutral” rating on shares of Diageo in a research report on Wednesday, December 3rd. Barclays reaffirmed an “overweight” rating on shares of Diageo in a research report on Thursday, December 11th. Bank of America reduced their target price on shares of Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a report on Friday, September 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Diageo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $119.00.

Diageo Stock Up 0.4%

Diageo stock opened at $89.76 on Thursday. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64. The stock has a 50-day moving average of $92.60 and a two-hundred day moving average of $100.15. Diageo plc has a one year low of $85.13 and a one year high of $128.29.

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.