JLB & Associates Inc. Sells 1,661 Shares of Diageo plc (NYSE:DEO)

JLB & Associates Inc. decreased its stake in Diageo plc (NYSE:DEO) by 9.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,304 shares of the company’s stock after selling 1,661 shares during the quarter. JLB & Associates Inc.’s holdings in Diageo were worth $1,604,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new position in Diageo during the fourth quarter valued at approximately $202,000. Savant Capital LLC lifted its stake in shares of Diageo by 5.0% during the 4th quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock valued at $237,000 after buying an additional 88 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Diageo by 23.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,862 shares of the company’s stock worth $361,000 after buying an additional 539 shares during the period. Principal Securities Inc. increased its stake in Diageo by 0.9% in the 4th quarter. Principal Securities Inc. now owns 40,586 shares of the company’s stock worth $5,160,000 after buying an additional 364 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new stake in Diageo in the 4th quarter worth $113,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Price Performance

Shares of Diageo stock opened at $103.15 on Tuesday. The firm has a market cap of $57.38 billion, a PE ratio of 15.06, a PEG ratio of 2.39 and a beta of 0.58. The stock has a 50 day moving average of $110.36 and a 200 day moving average of $113.77. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. Diageo plc has a 12 month low of $100.72 and a 12 month high of $142.73.

Analyst Upgrades and Downgrades

DEO has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Berenberg Bank initiated coverage on Diageo in a report on Wednesday, April 2nd. They issued a “buy” rating on the stock. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Diageo in a report on Monday, May 12th. Two research 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, Diageo has a consensus rating of “Hold” and a consensus 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.