Timber Creek Capital Management LLC Reduces Stock Position in Diageo plc $DEO

Timber Creek Capital Management LLC lessened its position in Diageo plc (NYSE:DEO) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,554 shares of the company’s stock after selling 684 shares during the period. Timber Creek Capital Management LLC’s holdings in Diageo were worth $4,124,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Bell Investment Advisors Inc grew its stake in shares of Diageo by 94.7% in the second quarter. Bell Investment Advisors Inc now owns 292 shares of the company’s stock worth $29,000 after purchasing an additional 142 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Diageo in the 1st quarter worth approximately $30,000. Cheviot Value Management LLC bought a new stake in shares of Diageo in the 1st quarter worth approximately $31,000. HHM Wealth Advisors LLC increased its stake in shares of 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 buying an additional 143 shares during the period. Finally, Whipplewood Advisors LLC raised its holdings in shares of Diageo by 84.0% during the second quarter. Whipplewood Advisors LLC now owns 357 shares of the company’s stock valued at $36,000 after acquiring an additional 163 shares in the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Stock Performance

DEO stock opened at $90.74 on Tuesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.63 and a quick ratio of 0.64. The business’s 50-day moving average is $94.86 and its two-hundred day moving average is $102.76. Diageo plc has a fifty-two week low of $86.57 and a fifty-two week high of $132.34.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DEO shares. Zacks Research downgraded shares of Diageo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. Bank of America dropped their target price on Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a report on Friday, September 26th. Finally, The Goldman Sachs Group raised Diageo from a “sell” rating to a “neutral” rating in a research note on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $119.00.

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.