Park Place Capital Corp Cuts Stock Holdings in Diageo plc (NYSE:DEO)

Park Place Capital Corp reduced its position in Diageo plc (NYSE:DEOFree Report) by 19.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,127 shares of the company’s stock after selling 508 shares during the period. Park Place Capital Corp’s holdings in Diageo were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in DEO. Rhumbline Advisers boosted its stake in shares of Diageo by 3.1% during the 2nd quarter. Rhumbline Advisers now owns 5,822 shares of the company’s stock worth $734,000 after acquiring an additional 174 shares in the last quarter. AE Wealth Management LLC boosted its position in Diageo by 106.8% during the second quarter. AE Wealth Management LLC now owns 2,996 shares of the company’s stock worth $378,000 after purchasing an additional 1,547 shares in the last quarter. Sei Investments Co. boosted its position in Diageo by 1.7% during the second quarter. Sei Investments Co. now owns 133,341 shares of the company’s stock worth $16,811,000 after purchasing an additional 2,230 shares in the last quarter. Profund Advisors LLC increased its position in shares of Diageo by 3.0% in the second quarter. Profund Advisors LLC now owns 3,891 shares of the company’s stock valued at $491,000 after buying an additional 113 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its position in shares of Diageo by 2.8% in the second quarter. 1832 Asset Management L.P. now owns 13,747 shares of the company’s stock valued at $1,733,000 after buying an additional 368 shares in the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Down 1.7 %

Shares of NYSE:DEO opened at $117.64 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. Diageo plc has a 1 year low of $113.99 and a 1 year high of $154.71. The business’s 50 day moving average price is $122.54 and its 200-day moving average price is $127.76.

Analyst Upgrades and Downgrades

DEO has been the topic of a number of recent analyst reports. TD Cowen increased their target price on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Diageo currently has a consensus rating of “Hold” and an average target price of $129.00.

Read Our Latest Stock Report on DEO

Diageo Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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