Diageo plc (NYSE:DEO) Holdings Reduced by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. decreased its position in Diageo plc (NYSE:DEO) by 10.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 29,404 shares of the company’s stock after selling 3,309 shares during the period. Thornburg Investment Management Inc.’s holdings in Diageo were worth $3,738,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CoreFirst Bank & Trust bought a new position in Diageo in the 4th quarter worth about $25,000. BNP Paribas bought a new position in Diageo in the 4th quarter worth about $32,000. Measured Risk Portfolios Inc. bought a new position in Diageo in the 4th quarter worth about $32,000. Kestra Investment Management LLC bought a new position in Diageo in the 4th quarter worth about $36,000. Finally, Heck Capital Advisors LLC bought a new position in Diageo in the 4th quarter worth about $47,000. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

NYSE DEO opened at $115.03 on Monday. Diageo plc has a 12 month low of $100.72 and a 12 month high of $142.73. 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 firm has a market capitalization of $63.99 billion, a PE ratio of 16.79, a P/E/G ratio of 2.39 and a beta of 0.60. The company’s 50 day simple moving average is $109.20 and its 200 day simple moving average is $115.45.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Morgan Stanley restated an “underweight” rating on shares of Diageo in a research report on Monday, May 12th. Berenberg Bank began coverage on shares of Diageo in a research note on Wednesday, April 2nd. They set a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently 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.