Diageo plc (NYSE:DEO) Shares Sold by Kavar Capital Partners Group LLC

Kavar Capital Partners Group LLC cut its holdings in shares of Diageo plc (NYSE:DEO) by 9.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,543 shares of the company’s stock after selling 3,475 shares during the period. Kavar Capital Partners Group LLC’s holdings in Diageo were worth $4,137,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DEO. Brooklyn Investment Group purchased a new position in shares of Diageo in the 3rd quarter valued at approximately $25,000. Eastern Bank lifted its holdings in shares of Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares during the period. Concord Wealth Partners purchased a new position in Diageo in the 3rd quarter valued at $38,000. Modus Advisors LLC acquired a new position in Diageo in the 4th quarter valued at $35,000. Finally, Bruce G. Allen Investments LLC raised its position in Diageo by 1,395.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after buying an additional 279 shares during the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DEO has been the topic of a number of recent analyst reports. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen boosted their price objective on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Diageo has a consensus rating of “Hold” and an average price target of $129.00.

Diageo Stock Performance

Shares of DEO stock opened at $124.53 on Monday. Diageo plc has a fifty-two week low of $113.99 and a fifty-two week high of $154.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The business has a fifty day simple moving average of $122.62 and a 200-day simple moving average of $127.59.

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.