Eudaimonia Partners LLC Decreases Position in Diageo plc (NYSE:DEO)

Eudaimonia Partners LLC decreased its holdings in shares of Diageo plc (NYSE:DEOGet Rating) by 72.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,197 shares of the company’s stock after selling 3,176 shares during the quarter. Eudaimonia Partners LLC’s holdings in Diageo were worth $203,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. CIBC Asset Management Inc lifted its stake in Diageo by 1.5% in the third quarter. CIBC Asset Management Inc now owns 15,251 shares of the company’s stock valued at $2,590,000 after buying an additional 231 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in Diageo by 22.2% in the third quarter. SRS Capital Advisors Inc. now owns 551 shares of the company’s stock valued at $94,000 after buying an additional 100 shares during the last quarter. Creative Planning lifted its stake in Diageo by 3.4% in the third quarter. Creative Planning now owns 49,472 shares of the company’s stock valued at $8,401,000 after buying an additional 1,626 shares during the last quarter. Fiera Capital Corp lifted its stake in Diageo by 18.5% in the third quarter. Fiera Capital Corp now owns 3,364 shares of the company’s stock valued at $571,000 after buying an additional 524 shares during the last quarter. Finally, Motco lifted its stake in Diageo by 55.4% in the third quarter. Motco now owns 261 shares of the company’s stock valued at $44,000 after buying an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 9.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DEO. Morgan Stanley lowered Diageo from an “overweight” rating to an “equal weight” rating in a report on Friday, January 6th. Deutsche Bank Aktiengesellschaft dropped their target price on Diageo from GBX 3,160 ($39.12) to GBX 2,750 ($34.05) in a report on Thursday, January 12th. Credit Suisse Group boosted their target price on Diageo from GBX 4,400 ($54.48) to GBX 4,500 ($55.71) in a report on Wednesday, January 4th. UBS Group lowered Diageo from a “buy” rating to a “neutral” rating in a report on Thursday, January 12th. Finally, Barclays dropped their target price on Diageo from GBX 5,430 ($67.23) to GBX 5,010 ($62.03) in a report on Tuesday, December 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $4,113.33.

Diageo Trading Down 0.8 %

Shares of DEO stock opened at $184.30 on Wednesday. The business’s fifty day moving average price is $182.32 and its 200 day moving average price is $178.06. Diageo plc has a 1-year low of $160.09 and a 1-year high of $212.33. The company has a quick ratio of 0.69, a current ratio of 1.53 and a debt-to-equity ratio of 1.60.

Diageo Company Profile

(Get Rating)

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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