Diageo plc (NYSE:DEO) Shares Sold by Hyman Charles D

Hyman Charles D cut its stake in shares of Diageo plc (NYSE:DEO) by 7.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,506 shares of the company’s stock after selling 1,320 shares during the period. Hyman Charles D’s holdings in Diageo were worth $2,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Diageo by 6.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,161,648 shares of the company’s stock valued at $301,886,000 after acquiring an additional 137,397 shares in the last quarter. Apollon Wealth Management LLC boosted its holdings in Diageo by 119.7% in the 4th quarter. Apollon Wealth Management LLC now owns 9,127 shares of the company’s stock valued at $1,329,000 after purchasing an additional 4,972 shares in the last quarter. Lincoln National Corp increased its position in Diageo by 18.1% during the 4th quarter. Lincoln National Corp now owns 2,597 shares of the company’s stock worth $378,000 after purchasing an additional 398 shares during the period. Private Advisor Group LLC increased its position in Diageo by 3.3% during the 4th quarter. Private Advisor Group LLC now owns 14,621 shares of the company’s stock worth $2,129,000 after purchasing an additional 470 shares during the period. Finally, Summit Trail Advisors LLC lifted its holdings in shares of Diageo by 53.9% in the 4th quarter. Summit Trail Advisors LLC now owns 3,167 shares of the company’s stock valued at $461,000 after buying an additional 1,109 shares during the period. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Price Performance

Diageo stock traded up $1.93 during trading hours on Tuesday, hitting $139.08. The stock had a trading volume of 569,337 shares, compared to its average volume of 792,666. The company has a quick ratio of 0.65, a current ratio of 1.58 and a debt-to-equity ratio of 1.73. Diageo plc has a 1-year low of $135.63 and a 1-year high of $188.11. The stock’s fifty day moving average is $144.39 and its two-hundred day moving average is $145.31.

Analysts Set New Price Targets

Separately, BNP Paribas lowered shares of Diageo from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $3,797.50.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.