Silvercrest Asset Management Group LLC Has $5.64 Million Holdings in Diageo plc (NYSE:DEO)

Silvercrest Asset Management Group LLC decreased its position in Diageo plc (NYSE:DEO) by 5.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,889 shares of the company’s stock after selling 2,339 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Diageo were worth $5,636,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. SVB Wealth LLC raised its stake in shares of Diageo by 18.8% in the 1st quarter. SVB Wealth LLC now owns 4,738 shares of the company’s stock valued at $705,000 after purchasing an additional 750 shares during the period. Transcendent Capital Group LLC acquired a new stake in shares of Diageo in the 1st quarter valued at about $76,000. Mount Yale Investment Advisors LLC raised its stake in shares of Diageo by 60.2% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 3,410 shares of the company’s stock valued at $507,000 after purchasing an additional 1,282 shares during the period. London & Capital Asset Management Ltd raised its stake in shares of Diageo by 13.7% in the 1st quarter. London & Capital Asset Management Ltd now owns 13,192 shares of the company’s stock valued at $1,962,000 after purchasing an additional 1,593 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Diageo by 2.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 73,870 shares of the company’s stock valued at $10,988,000 after acquiring an additional 1,454 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Price Performance

Diageo stock traded down $6.61 during midday trading on Tuesday, reaching $124.96. 1,343,626 shares of the company’s stock were exchanged, compared to its average volume of 740,603. Diageo plc has a 52 week low of $123.32 and a 52 week high of $177.16. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73. The stock’s 50-day simple moving average is $131.58 and its 200 day simple moving average is $140.05.

Analysts Set New Price Targets

DEO has been the subject of several analyst reports. The Goldman Sachs Group cut Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Citigroup upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $3,730.00.

Diageo 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.