Diageo plc (NYSE:DEO) Shares Sold by Prevatt Capital Ltd

Prevatt Capital Ltd cut its position in Diageo plc (NYSE:DEO) by 11.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,000 shares of the company’s stock after selling 20,000 shares during the quarter. Diageo accounts for 5.9% of Prevatt Capital Ltd’s holdings, making the stock its 11th largest holding. Prevatt Capital Ltd’s holdings in Diageo were worth $20,341,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. CoreFirst Bank & Trust acquired a new position in Diageo during the 4th quarter worth $25,000. Eastern Bank grew its stake in Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares in the last quarter. BNP Paribas acquired a new position in Diageo during the 4th quarter worth $32,000. Measured Risk Portfolios Inc. acquired a new position in Diageo during the 4th quarter worth $32,000. Finally, Kestra Investment Management LLC acquired a new position in Diageo during the 4th quarter worth $36,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on DEO. Morgan Stanley reissued an “underweight” rating on shares of Diageo in a research note on Monday. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Berenberg Bank assumed coverage on Diageo in a report on Wednesday, April 2nd. They set a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $129.00.

Diageo Stock Up 0.5%

Shares of NYSE DEO opened at $112.88 on Thursday. The company has a market capitalization of $62.79 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 2.39 and a beta of 0.60. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The business has a 50-day moving average of $109.06 and a two-hundred day moving average of $115.83. Diageo plc has a 1 year low of $100.72 and a 1 year high of $143.32.

About Diageo

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.