Radnor Capital Management LLC Cuts Position in Diageo plc (NYSE:DEO)

Radnor Capital Management LLC trimmed its position in shares of Diageo plc (NYSE:DEO) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,731 shares of the company’s stock after selling 500 shares during the period. Radnor Capital Management LLC’s holdings in Diageo were worth $1,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of DEO. Kathmere Capital Management LLC purchased a new stake in Diageo during the fourth quarter valued at $214,000. Allen Mooney & Barnes Investment Advisors LLC increased its holdings in shares of Diageo by 2.6% in the 4th quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 45,877 shares of the company’s stock worth $5,832,000 after buying an additional 1,161 shares during the last quarter. R.H. Investment Group LLC purchased a new stake in shares of Diageo during the 4th quarter valued at about $2,754,000. Wynn Capital LLC lifted its holdings in shares of Diageo by 11.0% in the 4th quarter. Wynn Capital LLC now owns 3,777 shares of the company’s stock valued at $480,000 after acquiring an additional 375 shares during the last quarter. Finally, Fiduciary Financial Group LLC purchased a new position in Diageo in the fourth quarter worth about $240,000. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Up 1.4 %

Shares of NYSE:DEO opened at $116.13 on Thursday. The firm has a market capitalization of $64.60 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 3.73 and a beta of 0.67. The business has a 50 day simple moving average of $122.77 and a two-hundred day simple moving average of $128.09. Diageo plc has a 1 year low of $113.99 and a 1 year high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, TD Cowen lifted their price objective on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Diageo has an average 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.