Diageo plc (NYSE:DEO) Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lessened its holdings in shares of Diageo plc (NYSE:DEO) by 43.4% in the first quarter, Holdings Channel reports. The firm owned 1,371 shares of the company’s stock after selling 1,050 shares during the period. Union Bancaire Privee UBP SA’s holdings in Diageo were worth $137,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in Diageo by 11.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company’s stock worth $4,795,000 after purchasing an additional 3,964 shares in the last quarter. Maia Wealth LLC increased its position in Diageo by 24.7% during the 4th quarter. Maia Wealth LLC now owns 13,112 shares of the company’s stock worth $1,648,000 after purchasing an additional 2,593 shares in the last quarter. Aviso Financial Inc. increased its position in Diageo by 3.4% during the 4th quarter. Aviso Financial Inc. now owns 242,637 shares of the company’s stock worth $30,846,000 after purchasing an additional 7,954 shares in the last quarter. Bank of New York Mellon Corp increased its position in Diageo by 2.5% during the 4th quarter. Bank of New York Mellon Corp now owns 348,598 shares of the company’s stock worth $44,317,000 after purchasing an additional 8,656 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Diageo by 9.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,220,534 shares of the company’s stock worth $155,167,000 after acquiring an additional 103,540 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analysts Set New Price Targets

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

Diageo Stock Performance

Diageo stock opened at $105.13 on Friday. The stock has a market cap of $58.49 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 2.39 and a beta of 0.58. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The stock has a 50 day moving average of $110.34 and a 200-day moving average of $113.95. Diageo plc has a 52 week low of $100.72 and a 52 week high of $142.73.

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.