Kavar Capital Partners Group LLC Has $447,000 Holdings in Diageo plc $DEO

Kavar Capital Partners Group LLC trimmed its position in shares of Diageo plc (NYSE:DEO) by 71.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,010 shares of the company’s stock after selling 14,945 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in Diageo were worth $447,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Spire Wealth Management boosted its holdings in shares of Diageo by 123.6% in the 4th quarter. Spire Wealth Management now owns 322 shares of the company’s stock worth $28,000 after acquiring an additional 178 shares in the last quarter. Sound Income Strategies LLC raised its position in Diageo by 8,000.0% in the 4th quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock valued at $29,000 after purchasing an additional 320 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in Diageo in the 4th quarter valued at $30,000. Texas Capital Bancshares Inc TX acquired a new position in Diageo in the third quarter worth $32,000. Finally, GGM Financials LLC bought a new stake in shares of Diageo during the third quarter worth $36,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DEO. Loop Capital set a $99.00 price target on Diageo in a report on Thursday. Zacks Research raised shares of Diageo from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research report on Monday, April 20th. Argus raised shares of Diageo to a “hold” rating in a research note on Tuesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Diageo currently has a consensus rating of “Hold” and an average target price of $110.67.

Diageo Stock Down 0.1%

NYSE DEO opened at $80.39 on Friday. Diageo plc has a 52 week low of $72.45 and a 52 week high of $116.41. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.71. The stock has a fifty day moving average of $81.32 and a 200-day moving average of $84.85.

Diageo Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.