Entropy Technologies LP Sells 10,755 Shares of Diageo plc $DEO

Entropy Technologies LP decreased its stake in shares of Diageo plc (NYSE:DEO) by 25.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,053 shares of the company’s stock after selling 10,755 shares during the quarter. Entropy Technologies LP’s holdings in Diageo were worth $2,765,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC lifted its holdings in Diageo by 10,458.5% during the 4th quarter. Barclays PLC now owns 55,221 shares of the company’s stock valued at $4,764,000 after buying an additional 54,698 shares in the last quarter. Aigen Investment Management LP lifted its holdings in Diageo by 192.5% during the 4th quarter. Aigen Investment Management LP now owns 17,937 shares of the company’s stock valued at $1,547,000 after buying an additional 11,804 shares in the last quarter. Transamerica Financial Advisors LLC lifted its holdings in Diageo by 44.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,160 shares of the company’s stock valued at $100,000 after buying an additional 355 shares in the last quarter. Bridgewater Associates LP bought a new stake in Diageo during the 4th quarter valued at about $13,610,000. Finally, UMB Bank n.a. lifted its holdings in Diageo by 11.8% during the 4th quarter. UMB Bank n.a. now owns 5,085 shares of the company’s stock valued at $439,000 after buying an additional 535 shares in 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 shares of Diageo from a “hold” rating to a “buy” rating in a report on Tuesday, March 31st. Argus upgraded shares of Diageo to a “hold” rating in a report on Tuesday, March 10th. BNP Paribas Exane upgraded shares of Diageo from an “underperform” rating to a “neutral” rating in a report on Wednesday, March 25th. Zacks Research upgraded shares of Diageo from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Finally, HSBC lowered shares of Diageo from a “buy” rating to a “hold” rating in a report on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Diageo presently has an average rating of “Hold” and an average price target of $116.50.

Diageo Trading Down 0.0%

Shares of Diageo stock opened at $81.78 on Monday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60. Diageo plc has a 12-month low of $72.45 and a 12-month high of $116.41. The firm’s 50 day simple moving average is $80.77 and its two-hundred day simple moving average is $85.20.

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.