Bradyco Inc. Sells 1,512 Shares of Diageo plc (NYSE:DEO)

Bradyco Inc. lowered its position in shares of Diageo plc (NYSE:DEO) by 13.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,090 shares of the company’s stock after selling 1,512 shares during the quarter. Diageo comprises 0.8% of Bradyco Inc.’s investment portfolio, making the stock its 23rd biggest holding. Bradyco Inc.’s holdings in Diageo were worth $1,057,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. CoreFirst Bank & Trust bought a new position in shares of Diageo during the 4th quarter worth about $25,000. Orion Capital Management LLC acquired a new position in Diageo during the 4th quarter worth approximately $25,000. BNP Paribas bought a new position in Diageo in the fourth quarter worth approximately $32,000. Measured Risk Portfolios Inc. bought a new position in Diageo in the fourth quarter worth approximately $32,000. Finally, Perkins Coie Trust Co acquired a new stake in Diageo in the first quarter valued at approximately $27,000. Institutional investors own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

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

Diageo Stock Performance

Shares of DEO opened at $106.83 on Thursday. The stock’s 50-day simple moving average is $110.16 and its 200 day simple moving average is $114.13. The stock has a market capitalization of $59.43 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 2.39 and a beta of 0.58. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. Diageo plc has a 52-week low of $100.72 and a 52-week high of $142.73.

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.