Kavar Capital Partners Group LLC Has $447,000 Holdings in Diageo plc $DEO

Kavar Capital Partners Group LLC cut its stake in Diageo plc (NYSE:DEO) by 71.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,010 shares of the company’s stock after selling 14,945 shares during the period. Kavar Capital Partners Group LLC’s holdings in Diageo were worth $447,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Spire Wealth Management grew its position in Diageo by 123.6% during the fourth quarter. Spire Wealth Management now owns 322 shares of the company’s stock worth $28,000 after buying an additional 178 shares in the last quarter. Sound Income Strategies LLC raised its holdings in Diageo by 8,000.0% in the 4th quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock valued at $29,000 after acquiring an additional 320 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in Diageo in the 4th quarter valued at approximately $30,000. Texas Capital Bancshares Inc TX bought a new stake in shares of Diageo in the 3rd quarter worth approximately $32,000. Finally, GGM Financials LLC bought a new stake in shares of Diageo in the 3rd quarter worth approximately $36,000. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Down 0.1%

Shares of DEO opened at $80.39 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.71. Diageo plc has a 1 year low of $72.45 and a 1 year high of $116.41. The stock has a 50 day simple moving average of $81.32 and a 200-day simple moving average of $84.85.

Wall Street Analysts Forecast Growth

DEO has been the topic of a number of research reports. Loop Capital set a $99.00 price objective on Diageo in a research report on Thursday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research report on Monday, April 20th. Argus upgraded shares of Diageo to a “hold” rating in a research note on Tuesday, March 10th. Zacks Research upgraded shares of Diageo from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Finally, HSBC cut shares of Diageo from a “buy” rating to a “hold” rating in a research note on Monday, March 2nd. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $110.67.

Diageo Company 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.