Diageo plc (DEO) Position Trimmed by Tradition Capital Management LLC

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Tradition Capital Management LLC decreased its holdings in shares of Diageo plc (NYSE:DEO) by 44.1% in the 1st quarter, Holdings Channel reports. The firm owned 16,618 shares of the company’s stock after selling 13,084 shares during the quarter. Tradition Capital Management LLC’s holdings in Diageo were worth $2,718,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Ramsay Stattman Vela & Price Inc. grew its holdings in Diageo by 0.5% during the first quarter. Ramsay Stattman Vela & Price Inc. now owns 52,279 shares of the company’s stock worth $8,553,000 after acquiring an additional 235 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Diageo by 13.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 106,647 shares of the company’s stock valued at $17,450,000 after purchasing an additional 12,378 shares during the last quarter. SVA Plumb Wealth Management LLC grew its holdings in Diageo by 4.0% in the first quarter. SVA Plumb Wealth Management LLC now owns 1,793 shares of the company’s stock valued at $293,000 after purchasing an additional 69 shares during the last quarter. Beaumont Financial Partners LLC acquired a new stake in Diageo in the first quarter valued at $208,000. Finally, Acima Private Wealth LLC grew its holdings in Diageo by 29.3% in the first quarter. Acima Private Wealth LLC now owns 265 shares of the company’s stock valued at $43,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 10.55% of the company’s stock.

DEO has been the topic of several research reports. Zacks Investment Research raised Diageo from a “sell” rating to a “hold” rating in a report on Friday, January 18th. Liberum Capital upgraded Diageo from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Investec downgraded Diageo from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. Finally, Barclays initiated coverage on Diageo in a research report on Monday, April 1st. They issued an “overweight” rating on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $164.75.

NYSE DEO traded up $1.17 during trading hours on Wednesday, hitting $170.27. 5,190 shares of the company’s stock were exchanged, compared to its average volume of 267,135. The company has a market capitalization of $103.57 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 2.95 and a beta of 0.54. The company has a current ratio of 1.48, a quick ratio of 0.73 and a debt-to-equity ratio of 0.94. Diageo plc has a 12-month low of $131.43 and a 12-month high of $170.17.

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About Diageo

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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