TCV Trust & Wealth Management Inc. Has $4.76 Million Stake in Diageo plc (NYSE:DEO)

TCV Trust & Wealth Management Inc. trimmed its position in Diageo plc (NYSE:DEO) by 6.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,416 shares of the company’s stock after selling 3,170 shares during the quarter. TCV Trust & Wealth Management Inc.’s holdings in Diageo were worth $4,759,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DEO. CoreFirst Bank & Trust acquired a new position in Diageo during the fourth quarter valued at approximately $25,000. Orion Capital Management LLC acquired a new position in Diageo during the fourth quarter valued at approximately $25,000. Perkins Coie Trust Co acquired a new position in Diageo during the first quarter valued at approximately $27,000. Barrett & Company Inc. acquired a new position in Diageo during the first quarter valued at approximately $27,000. Finally, Opal Wealth Advisors LLC acquired a new position in Diageo during the first quarter valued at approximately $30,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, Berenberg Bank began coverage on shares of Diageo in a research 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 issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $129.00.

Diageo Stock Down 0.1%

Shares of DEO opened at $100.43 on Friday. Diageo plc has a 52 week low of $99.26 and a 52 week high of $142.73. The stock has a market capitalization of $55.87 billion, a price-to-earnings ratio of 14.66 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. The stock has a fifty day moving average of $109.00 and a 200-day moving average of $112.60.

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.