Quotient Wealth Partners LLC Sells 567 Shares of Diageo plc (NYSE:DEO)

Quotient Wealth Partners LLC reduced its stake in Diageo plc (NYSE:DEO) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,032 shares of the company’s stock after selling 567 shares during the period. Quotient Wealth Partners LLC’s holdings in Diageo were worth $513,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Benedict Financial Advisors Inc. boosted its stake in Diageo by 3.7% in the 4th quarter. Benedict Financial Advisors Inc. now owns 26,936 shares of the company’s stock worth $3,424,000 after purchasing an additional 964 shares during the period. Entropy Technologies LP purchased a new stake in shares of Diageo in the fourth quarter worth about $796,000. Generate Investment Management Ltd bought a new position in shares of Diageo in the fourth quarter valued at approximately $11,156,000. Golden State Wealth Management LLC purchased a new position in Diageo during the fourth quarter valued at approximately $125,000. Finally, Financial Advocates Investment Management lifted its stake in Diageo by 4.0% in the 4th quarter. Financial Advocates Investment Management now owns 3,154 shares of the company’s stock worth $401,000 after purchasing an additional 121 shares in the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DEO has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. TD Cowen upped their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Finally, UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Diageo currently has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Performance

DEO opened at $110.36 on Monday. The business’s fifty day simple moving average is $122.35 and its 200 day simple moving average is $126.77. Diageo plc has a 52 week low of $110.18 and a 52 week high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.55.

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.