KPP Advisory Services LLC Decreases Holdings in Diageo plc (NYSE:DEO)

KPP Advisory Services LLC decreased its holdings in Diageo plc (NYSE:DEO) by 25.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,791 shares of the company’s stock after selling 605 shares during the period. KPP Advisory Services LLC’s holdings in Diageo were worth $251,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DEO. Beacon Capital Management LLC increased its position in shares of Diageo by 777.3% during the 1st quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in Diageo during the 2nd quarter valued at about $25,000. Triad Wealth Partners LLC purchased a new stake in Diageo in the 2nd quarter worth about $25,000. Concord Wealth Partners bought a new stake in Diageo in the third quarter worth about $38,000. Finally, Bruce G. Allen Investments LLC boosted its position in shares of Diageo by 1,395.0% during the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock valued at $42,000 after buying an additional 279 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DEO shares. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Diageo has an average rating of “Hold”.

Diageo Stock Down 1.4 %

DEO opened at $118.16 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The stock’s fifty day moving average is $131.57 and its two-hundred day moving average is $131.76. Diageo plc has a 52 week low of $117.84 and a 52 week high of $154.71.

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.