Seneca House Advisors Sells 4,611 Shares of Diageo plc (NYSE:DEO)

Seneca House Advisors reduced its stake in shares of Diageo plc (NYSE:DEO) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,552 shares of the company’s stock after selling 4,611 shares during the quarter. Diageo accounts for 1.9% of Seneca House Advisors’ portfolio, making the stock its 19th largest position. Seneca House Advisors’ holdings in Diageo were worth $4,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in DEO. AE Wealth Management LLC boosted its holdings in shares of Diageo by 106.8% in the 2nd quarter. AE Wealth Management LLC now owns 2,996 shares of the company’s stock worth $378,000 after acquiring an additional 1,547 shares in the last quarter. Sei Investments Co. boosted its stake in Diageo by 1.7% in the second quarter. Sei Investments Co. now owns 133,341 shares of the company’s stock worth $16,811,000 after purchasing an additional 2,230 shares in the last quarter. Profund Advisors LLC grew its holdings in shares of Diageo by 3.0% during the second quarter. Profund Advisors LLC now owns 3,891 shares of the company’s stock worth $491,000 after purchasing an additional 113 shares during the last quarter. 1832 Asset Management L.P. increased its stake in shares of Diageo by 2.8% in the second quarter. 1832 Asset Management L.P. now owns 13,747 shares of the company’s stock valued at $1,733,000 after buying an additional 368 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Diageo by 10.5% in the second quarter. Marshall Wace LLP now owns 35,586 shares of the company’s stock valued at $4,487,000 after buying an additional 3,386 shares during the last quarter. 8.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on DEO. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. TD Cowen lifted their price target on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Performance

Shares of NYSE:DEO opened at $119.02 on Friday. The company has a market capitalization of $66.21 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 4.05 and a beta of 0.67. The firm’s 50 day simple moving average is $122.51 and its 200 day simple moving average is $127.68. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. Diageo plc has a fifty-two week low of $113.99 and a fifty-two week high of $154.71.

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.