Seneca House Advisors Has $3.80 Million Stock Position in Diageo plc (NYSE:DEO)

Seneca House Advisors decreased its stake in shares of Diageo plc (NYSE:DEO) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,286 shares of the company’s stock after selling 1,266 shares during the period. Diageo accounts for approximately 1.6% of Seneca House Advisors’ holdings, making the stock its 22nd biggest holding. Seneca House Advisors’ holdings in Diageo were worth $3,802,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DEO. CoreFirst Bank & Trust bought a new stake in Diageo during the 4th quarter worth about $25,000. Orion Capital Management LLC acquired a new position in shares of Diageo in the 4th quarter valued at approximately $25,000. BNP Paribas acquired a new position in Diageo during the 4th quarter worth approximately $32,000. Measured Risk Portfolios Inc. acquired a new position in Diageo during the 4th quarter worth approximately $32,000. Finally, Kestra Investment Management LLC acquired a new position in Diageo during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

DEO has been the subject of several recent analyst reports. Berenberg Bank initiated coverage on Diageo in a report on Wednesday, April 2nd. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Morgan Stanley restated an “underweight” rating on shares of Diageo in a research note on Monday, May 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo Price Performance

Shares of DEO opened at $105.10 on Friday. Diageo plc has a 1 year low of $100.72 and a 1 year high of $142.73. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The company has a market capitalization of $58.47 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 2.39 and a beta of 0.58. The business has a 50-day moving average of $110.11 and a 200-day moving average of $114.38.

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.