Kavar Capital Partners Group LLC Sells 1,796 Shares of Diageo plc (NYSE:DEO)

Kavar Capital Partners Group LLC lessened its stake in shares of Diageo plc (NYSE:DEO) by 5.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,747 shares of the company’s stock after selling 1,796 shares during the period. Kavar Capital Partners Group LLC’s holdings in Diageo were worth $3,222,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its position in shares of Diageo by 11.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company’s stock valued at $4,795,000 after buying an additional 3,964 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Diageo by 16.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 138,252 shares of the company’s stock valued at $14,488,000 after buying an additional 19,327 shares in the last quarter. Maia Wealth LLC raised its position in shares of Diageo by 24.7% during the 4th quarter. Maia Wealth LLC now owns 13,112 shares of the company’s stock valued at $1,648,000 after buying an additional 2,593 shares in the last quarter. Aviso Financial Inc. raised its position in shares of Diageo by 3.4% during the 4th quarter. Aviso Financial Inc. now owns 242,637 shares of the company’s stock valued at $30,846,000 after buying an additional 7,954 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Diageo by 2.5% during the 4th quarter. Bank of New York Mellon Corp now owns 348,598 shares of the company’s stock valued at $44,317,000 after buying an additional 8,656 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Trading Down 1.3%

Shares of Diageo stock opened at $99.89 on Thursday. 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 firm has a fifty day moving average price of $109.36 and a 200 day moving average price of $112.92. Diageo plc has a 1 year low of $99.26 and a 1 year high of $142.73. The stock has a market cap of $55.57 billion, a PE ratio of 14.58 and a beta of 0.58.

Wall Street Analyst Weigh In

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

Diageo Company 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.