Diageo PLC (DEO) Shares Sold by Formidable Asset Management LLC

Formidable Asset Management LLC lowered its stake in shares of Diageo PLC (NYSE:DEO) by 0.5% during the first quarter, Holdings Channel reports. The firm owned 3,666 shares of the company’s stock after selling 17 shares during the period. Formidable Asset Management LLC’s holdings in Diageo PLC were worth $440,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DEO. YorkBridge Wealth Partners LLC increased its stake in shares of Diageo PLC by 297.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 986 shares of the company’s stock valued at $116,000 after buying an additional 738 shares during the period. Glassman Wealth Services increased its stake in shares of Diageo PLC by 116.8% in the first quarter. Glassman Wealth Services now owns 1,071 shares of the company’s stock valued at $124,000 after buying an additional 577 shares during the period. Tradewinds Capital Management LLC increased its stake in shares of Diageo PLC by 8.5% in the first quarter. Tradewinds Capital Management LLC now owns 1,176 shares of the company’s stock valued at $136,000 after buying an additional 92 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Diageo PLC by 429.2% in the first quarter. Quadrant Capital Group LLC now owns 1,249 shares of the company’s stock valued at $137,000 after buying an additional 1,013 shares during the period. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Diageo PLC during the first quarter valued at $139,000. 12.10% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Diageo PLC (NYSE:DEO)

Shares of Diageo PLC (NYSE DEO) traded down 0.51% during midday trading on Tuesday, reaching $122.07. 111,659 shares of the company traded hands. Diageo PLC has a 1-year low of $99.46 and a 1-year high of $123.48. The company has a market capitalization of $76.63 billion, a PE ratio of 25.80 and a beta of 0.77. The company has a 50 day moving average price of $120.61 and a 200 day moving average price of $113.52.

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DEO has been the subject of several analyst reports. Jefferies Group LLC set a $120.00 price target on shares of Diageo PLC and gave the company a “buy” rating in a research report on Saturday, March 18th. Zacks Investment Research raised shares of Diageo PLC from a “sell” rating to a “hold” rating in a research report on Thursday, April 20th. BidaskClub downgraded shares of Diageo PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Citigroup Inc. downgraded shares of Diageo PLC from a “buy” rating to a “neutral” rating in a research report on Thursday, May 25th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Diageo PLC from a “neutral” rating to a “sell” rating in a research report on Thursday, March 30th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Diageo PLC has a consensus rating of “Hold” and a consensus target price of $136.00.

Diageo PLC Company Profile

Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.

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