World Investment Advisors Has $1.40 Million Stock Position in Diageo plc $DEO

World Investment Advisors lowered its position in Diageo plc (NYSE:DEO) by 61.4% during the 1st quarter, Holdings Channel reports. The fund owned 18,792 shares of the company’s stock after selling 29,851 shares during the period. World Investment Advisors’ holdings in Diageo were worth $1,399,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DEO. Spire Wealth Management increased its holdings in shares of Diageo by 123.6% during the fourth quarter. Spire Wealth Management now owns 322 shares of the company’s stock valued at $28,000 after acquiring an additional 178 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Diageo by 8,000.0% in the 4th quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock worth $29,000 after purchasing an additional 320 shares in the last quarter. Texas Capital Bancshares Inc TX acquired a new stake in Diageo in the 3rd quarter valued at $32,000. Flagship Harbor Advisors LLC acquired a new stake in Diageo in the 4th quarter valued at $30,000. Finally, Q Fund Management Hong Kong Ltd bought a new stake in Diageo during the 4th quarter valued at $43,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analysts Set New Price Targets

DEO has been the topic of several recent research reports. BNP Paribas Exane raised shares of Diageo from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 25th. Zacks Research raised Diageo from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Loop Capital set a $99.00 price objective on Diageo in a research note on Thursday, June 18th. Argus upgraded Diageo to a “hold” rating in a report on Tuesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft raised Diageo from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $106.25.

Diageo Stock Up 1.5%

Shares of DEO stock opened at $82.87 on Wednesday. The firm’s 50 day moving average is $81.78 and its 200 day moving average is $84.21. Diageo plc has a 12 month low of $72.45 and a 12 month high of $116.41. 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 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.