Valeo Financial Advisors LLC Trims Position in Diageo plc $DEO

Valeo Financial Advisors LLC trimmed its stake in Diageo plc (NYSE:DEO) by 83.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,151 shares of the company’s stock after selling 25,729 shares during the period. Valeo Financial Advisors LLC’s holdings in Diageo were worth $519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Savant Capital LLC purchased a new position in Diageo during the 2nd quarter worth $310,000. Philip James Wealth Mangement LLC increased 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 buying an additional 14,895 shares during the period. Martin Capital Partners LLC increased its stake in shares of 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 raised its holdings in shares of Diageo by 353.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 717,740 shares of the company’s stock valued at $72,377,000 after acquiring an additional 559,547 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY lifted 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 acquiring an additional 6,145 shares during the period. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Performance

NYSE DEO opened at $89.76 on Thursday. Diageo plc has a 52 week low of $85.13 and a 52 week high of $128.29. The company has a 50 day moving average price of $92.60 and a 200 day moving average price of $100.15. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Diageo in a research note on Friday, November 28th. Zacks Research lowered shares of Diageo from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Barclays reissued an “overweight” rating on shares of Diageo in a research note on Thursday, December 11th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Diageo in a research report on Wednesday, December 3rd. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $119.00.

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.