GAMMA Investing LLC Lowers Holdings in Diageo plc (NYSE:DEO)

GAMMA Investing LLC reduced its stake in shares of Diageo plc (NYSE:DEO) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,244 shares of the company’s stock after selling 143 shares during the quarter. GAMMA Investing LLC’s holdings in Diageo were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of DEO. Bank of Montreal Can increased its holdings in Diageo by 1,034.5% in the 2nd quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock valued at $104,443,000 after acquiring an additional 729,166 shares during the last quarter. Natixis Advisors LLC grew its position in shares of Diageo by 105.7% during the third quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock valued at $133,240,000 after purchasing an additional 487,904 shares in the last quarter. FMR LLC increased its holdings in shares of Diageo by 9.1% in the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock worth $735,671,000 after purchasing an additional 437,646 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Diageo by 416.0% in the second quarter. Hsbc Holdings PLC now owns 521,920 shares of the company’s stock worth $65,939,000 after buying an additional 420,778 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in Diageo by 52.3% during the third quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock valued at $119,800,000 after buying an additional 293,017 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of Diageo stock opened at $121.38 on Monday. The stock has a 50 day moving average price of $123.51 and a 200-day moving average price of $128.48. Diageo plc has a one year low of $117.72 and a one year high of $154.71. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

Analysts Set New Price Targets

Several analysts have recently issued reports on DEO shares. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

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.