Dynamic Advisor Solutions LLC Sells 1,137 Shares of Diageo plc (NYSE:DEO)

Dynamic Advisor Solutions LLC lowered its stake in Diageo plc (NYSE:DEO) by 27.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,973 shares of the company’s stock after selling 1,137 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Diageo were worth $378,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Citigroup Inc. lifted its stake in Diageo by 4.4% in the 3rd quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock valued at $22,234,000 after purchasing an additional 6,617 shares during the last quarter. Canoe Financial LP increased its holdings in shares of Diageo by 88,407.3% during the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after buying an additional 8,104,301 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Diageo by 32.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after acquiring an additional 16,285 shares during the last quarter. FMR LLC boosted its holdings in shares of Diageo by 9.1% during the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after acquiring an additional 437,646 shares in the last quarter. Finally, Premier Path Wealth Partners LLC bought a new stake in Diageo during the 4th quarter worth $1,308,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Diageo Stock Up 0.9 %

Shares of DEO opened at $125.63 on Tuesday. The business has a 50-day moving average of $122.62 and a 200-day moving average of $127.59. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo plc has a 1 year low of $113.99 and a 1 year high of $154.71.

Diageo 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.