Gamco Investors INC. ET AL Sells 41,528 Shares of Diageo plc $DEO

Gamco Investors INC. ET AL decreased its holdings in Diageo plc (NYSE:DEO) by 17.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,240 shares of the company’s stock after selling 41,528 shares during the period. Gamco Investors INC. ET AL’s holdings in Diageo were worth $18,441,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Brighton Jones LLC purchased a new stake in shares of Diageo during the fourth quarter valued at $202,000. Atlantic Union Bankshares Corp purchased a new position in Diageo in the 2nd quarter worth about $366,000. Modera Wealth Management LLC lifted its stake in Diageo by 2.5% during the 2nd quarter. Modera Wealth Management LLC now owns 7,742 shares of the company’s stock valued at $781,000 after acquiring an additional 188 shares during the period. Texas Yale Capital Corp. boosted its holdings in shares of Diageo by 10.2% during the 2nd quarter. Texas Yale Capital Corp. now owns 2,424 shares of the company’s stock valued at $244,000 after acquiring an additional 224 shares during the last quarter. Finally, Savant Capital LLC purchased a new stake in shares of Diageo during the 2nd quarter valued at about $310,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Down 0.5%

Shares of NYSE DEO opened at $81.87 on Friday. The firm has a 50 day moving average of $91.26 and a 200 day moving average of $94.52. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60. Diageo plc has a 12-month low of $80.79 and a 12-month high of $116.69.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DEO. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Diageo in a report on Friday, November 28th. Royal Bank Of Canada upgraded shares of Diageo from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research report on Wednesday, January 21st. HSBC lowered shares of Diageo from a “buy” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, UBS Group restated a “neutral” rating on shares of Diageo in a research note on Wednesday, December 3rd. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $116.50.

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.