Diageo plc (NYSE:DEO) Shares Sold by Eudaimonia Partners LLC

Eudaimonia Partners LLC trimmed its holdings in shares of Diageo plc (NYSE:DEO – Get Rating) by 72.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,197 shares of the company’s stock after selling 3,176 shares during the quarter. Eudaimonia Partners LLC’s holdings in Diageo were worth $203,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DEO. Pinnacle Holdings LLC acquired a new stake in shares of Diageo during the 1st quarter worth about $33,000. Heritage Financial Services LLC acquired a new stake in shares of Diageo during the 2nd quarter worth about $34,000. Hexagon Capital Partners LLC increased its position in shares of Diageo by 206.2% during the 2nd quarter. Hexagon Capital Partners LLC now owns 199 shares of the company’s stock worth $35,000 after purchasing an additional 134 shares during the last quarter. Bogart Wealth LLC increased its position in shares of Diageo by 10,000.0% during the 2nd quarter. Bogart Wealth LLC now owns 202 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares during the last quarter. Finally, Castleview Partners LLC increased its position in shares of Diageo by 17,311.4% during the 2nd quarter. Castleview Partners LLC now owns 6,094 shares of the company’s stock worth $35,000 after purchasing an additional 6,059 shares during the last quarter. 9.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on DEO shares. StockNews.com started coverage on Diageo in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. JPMorgan Chase & Co. lifted their target price on Diageo from GBX 4,350 ($53.86) to GBX 4,500 ($55.71) in a research report on Thursday, December 1st. Credit Suisse Group lifted their target price on Diageo from GBX 4,400 ($54.48) to GBX 4,500 ($55.71) in a research report on Wednesday, January 4th. Morgan Stanley downgraded Diageo from an “overweight” rating to an “equal weight” rating in a research report on Friday, January 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Diageo from GBX 3,160 ($39.12) to GBX 2,750 ($34.05) in a research report on Thursday, January 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Diageo presently has a consensus rating of “Hold” and an average price target of $4,113.33.

Diageo Stock Down 0.8 %

Shares of Diageo stock opened at $184.30 on Wednesday. The business has a 50-day simple moving average of $182.32 and a 200-day simple moving average of $178.06. Diageo plc has a one year low of $160.09 and a one year high of $212.33. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.53 and a quick ratio of 0.69.

Diageo Company Profile

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Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.