GAMMA Investing LLC Decreases Stake in Diageo plc (NYSE:DEO)

GAMMA Investing LLC reduced its stake in shares of Diageo plc (NYSE:DEO) by 54.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,473 shares of the company’s stock after selling 1,771 shares during the period. GAMMA Investing LLC’s holdings in Diageo were worth $154,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. CoreFirst Bank & Trust purchased a new stake in shares of Diageo during the 4th quarter worth about $25,000. Orion Capital Management LLC purchased a new stake in Diageo during the 4th quarter valued at about $25,000. Perkins Coie Trust Co acquired a new stake in shares of Diageo in the first quarter valued at approximately $27,000. BNP Paribas purchased a new position in shares of Diageo during the 4th quarter worth $32,000. Finally, Measured Risk Portfolios Inc. purchased a new position in Diageo during the fourth quarter worth about $32,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DEO shares. Morgan Stanley reaffirmed an “underweight” rating on shares of Diageo in a research report on Monday, May 12th. Berenberg Bank began coverage on Diageo in a research note 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 assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $129.00.

Diageo Trading Down 0.5%

NYSE DEO opened at $104.48 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The firm has a 50-day moving average price of $108.27 and a 200 day moving average price of $111.71. The stock has a market capitalization of $58.12 billion, a P/E ratio of 15.25 and a beta of 0.56. Diageo plc has a 52-week low of $99.26 and a 52-week high of $142.73.

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.