Core Alternative Capital Decreases Stock Position in Diageo plc (NYSE:DEO)

Core Alternative Capital cut its holdings in Diageo plc (NYSE:DEO) by 63.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,063 shares of the company’s stock after selling 27,350 shares during the quarter. Core Alternative Capital’s holdings in Diageo were worth $2,042,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DEO. Cambiar Investors LLC lifted its holdings in shares of Diageo by 6.8% during the fourth quarter. Cambiar Investors LLC now owns 497,022 shares of the company’s stock valued at $63,186,000 after purchasing an additional 31,613 shares in the last quarter. Mill Creek Capital Advisors LLC raised its position in Diageo by 1.7% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 6,367 shares of the company’s stock worth $809,000 after buying an additional 104 shares during the last quarter. Summit Trail Advisors LLC raised its position in Diageo by 10.0% in the 4th quarter. Summit Trail Advisors LLC now owns 4,324 shares of the company’s stock worth $550,000 after buying an additional 394 shares during the last quarter. Savant Capital LLC lifted its stake in Diageo by 5.0% during the 4th quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock valued at $237,000 after acquiring an additional 88 shares during the period. Finally, Canvas Wealth Advisors LLC boosted its holdings in shares of Diageo by 43.0% during the 4th quarter. Canvas Wealth Advisors LLC now owns 5,458 shares of the company’s stock valued at $694,000 after acquiring an additional 1,642 shares during the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Price Performance

Diageo stock opened at $108.36 on Tuesday. The business has a 50-day simple moving average of $122.35 and a two-hundred day simple moving average of $126.74. Diageo plc has a 52-week low of $108.19 and a 52-week high of $154.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.60.

Analyst Ratings Changes

Several research analysts have recently weighed in on DEO shares. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. TD Cowen lifted their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Finally, UBS Group raised Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Diageo currently has a consensus rating of “Hold” and an average target price of $129.00.

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.