Hyman Charles D Cuts Stake in Diageo plc (NYSE:DEO)

Hyman Charles D reduced its position in Diageo plc (NYSE:DEO) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,506 shares of the company’s stock after selling 1,320 shares during the quarter. Hyman Charles D’s holdings in Diageo were worth $2,259,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DEO. Natixis Advisors L.P. raised its stake in Diageo by 55.9% in the fourth quarter. Natixis Advisors L.P. now owns 645,642 shares of the company’s stock worth $94,044,000 after buying an additional 231,396 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Diageo by 26.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 659,034 shares of the company’s stock worth $98,315,000 after purchasing an additional 138,406 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Diageo by 6.8% during 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 purchasing an additional 137,397 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Diageo during the fourth quarter valued at about $15,391,000. Finally, HS Management Partners LLC grew its stake in Diageo by 16.3% in the fourth quarter. HS Management Partners LLC now owns 706,205 shares of the company’s stock valued at $102,866,000 after purchasing an additional 98,819 shares during the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Diageo Trading Up 1.4 %

NYSE DEO traded up $1.93 during trading on Tuesday, hitting $139.08. The company’s stock had a trading volume of 569,337 shares, compared to its average volume of 792,666. Diageo plc has a fifty-two week low of $135.63 and a fifty-two week high of $188.11. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.58 and a quick ratio of 0.65. The business’s 50 day simple moving average is $144.39 and its 200-day simple moving average is $145.31.

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.