Principal Street Partners LLC Sells 2,450 Shares of Diageo plc (NYSE:DEO)

Principal Street Partners LLC trimmed its position in shares of Diageo plc (NYSE:DEO) by 50.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,394 shares of the company’s stock after selling 2,450 shares during the quarter. Principal Street Partners LLC’s holdings in Diageo were worth $304,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. CoreFirst Bank & Trust purchased a new stake in Diageo during the 4th quarter valued at about $25,000. BNP Paribas purchased a new stake in Diageo during the 4th quarter valued at about $32,000. Measured Risk Portfolios Inc. purchased a new stake in Diageo during the 4th quarter valued at about $32,000. Kestra Investment Management LLC purchased a new stake in Diageo during the 4th quarter valued at about $36,000. Finally, Heck Capital Advisors LLC purchased a new stake in Diageo during the 4th quarter valued at about $47,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Performance

Shares of NYSE DEO opened at $114.20 on Wednesday. The firm’s 50-day moving average price is $109.44 and its 200-day moving average price is $115.37. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The company has a market cap of $63.53 billion, a PE ratio of 16.67, a PEG ratio of 2.39 and a beta of 0.60. Diageo plc has a 52-week low of $100.72 and a 52-week high of $142.73.

Wall Street Analysts Forecast Growth

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