Valeo Financial Advisors LLC Sells 25,729 Shares of Diageo plc $DEO

Valeo Financial Advisors LLC lowered its position in shares of Diageo plc (NYSE:DEO) by 83.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,151 shares of the company’s stock after selling 25,729 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Diageo were worth $519,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DEO. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Diageo during the 2nd quarter valued at $26,000. Bell Investment Advisors Inc raised its position in shares of Diageo by 94.7% during the second quarter. Bell Investment Advisors Inc now owns 292 shares of the company’s stock valued at $29,000 after buying an additional 142 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Diageo during the first quarter worth $30,000. HHM Wealth Advisors LLC grew its stake in Diageo by 76.5% during the second quarter. HHM Wealth Advisors LLC now owns 330 shares of the company’s stock valued at $33,000 after acquiring an additional 143 shares in the last quarter. Finally, Whipplewood Advisors LLC grew its holdings in shares of Diageo by 84.0% in the second quarter. Whipplewood Advisors LLC now owns 357 shares of the company’s stock valued at $36,000 after purchasing an additional 163 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Performance

Shares of NYSE:DEO opened at $89.76 on Thursday. The business has a 50 day simple moving average of $92.60 and a two-hundred day simple moving average of $100.15. Diageo plc has a 1 year low of $85.13 and a 1 year high of $128.29. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.64 and a current ratio of 1.63.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Zacks Research downgraded shares of Diageo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. UBS Group reiterated a “neutral” rating on shares of Diageo in a research report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Diageo in a research report on Friday, November 28th. Bank of America lowered their price objective on Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a research note on Friday, September 26th. Finally, Barclays reiterated an “overweight” rating on shares of Diageo in a report on Thursday, December 11th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Diageo presently has an average rating of “Hold” and a consensus price target of $119.00.

About Diageo

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.