Salvus Wealth Management LLC Sells 1,876 Shares of Diageo plc (NYSE:DEO)

Salvus Wealth Management LLC lessened its stake in Diageo plc (NYSE:DEO) by 26.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 5,200 shares of the company’s stock after selling 1,876 shares during the period. Salvus Wealth Management LLC’s holdings in Diageo were worth $545,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. CoreFirst Bank & Trust bought a new position in Diageo during the fourth quarter worth about $25,000. Orion Capital Management LLC acquired a new position in Diageo during the fourth quarter worth $25,000. BNP Paribas bought a new stake in shares of Diageo in the 4th quarter valued at about $32,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Diageo in the fourth quarter valued at approximately $32,000. Finally, Kestra Investment Management LLC acquired a new position in shares of Diageo in the fourth quarter valued at $36,000. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

NYSE DEO opened at $110.82 on Thursday. Diageo plc has a 1 year low of $100.72 and a 1 year high of $142.73. The company’s 50 day simple moving average is $110.09 and its two-hundred day simple moving average is $114.57. 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 stock has a market capitalization of $61.65 billion, a PE ratio of 16.18, a P/E/G ratio of 2.39 and a beta of 0.58.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Berenberg Bank started coverage on shares of Diageo in a research note on Wednesday, April 2nd. They issued a “buy” rating on the stock. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Diageo in a report on Monday, May 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $129.00.

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.