Apollon Wealth Management LLC Sells 395 Shares of Diageo plc (NYSE:DEO)

Apollon Wealth Management LLC lowered its stake in shares of Diageo plc (NYSE:DEO) by 6.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,336 shares of the company’s stock after selling 395 shares during the quarter. Apollon Wealth Management LLC’s holdings in Diageo were worth $678,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wesbanco Bank Inc. acquired a new position in Diageo during the third quarter valued at approximately $216,000. Creative Planning boosted its position in shares of Diageo by 11.6% during the third quarter. Creative Planning now owns 47,970 shares of the company’s stock worth $6,732,000 after purchasing an additional 4,980 shares in the last quarter. NBC Securities Inc. grew its holdings in shares of Diageo by 44.6% in the 3rd quarter. NBC Securities Inc. now owns 982 shares of the company’s stock valued at $137,000 after buying an additional 303 shares during the period. Foster Victor Wealth Advisors LLC increased its position in shares of Diageo by 18.9% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 1,896 shares of the company’s stock valued at $255,000 after buying an additional 301 shares in the last quarter. Finally, Sunpointe LLC acquired a new stake in Diageo during the 3rd quarter worth $241,000. 8.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Diageo Price Performance

Shares of Diageo stock opened at $106.34 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.60. The stock’s 50-day moving average is $121.91 and its 200-day moving average is $126.42. Diageo plc has a one year low of $105.72 and a one year 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.