TCV Trust & Wealth Management Inc. Lowers Stake in Diageo plc (NYSE:DEO)

TCV Trust & Wealth Management Inc. trimmed its holdings in Diageo plc (NYSE:DEO) by 6.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 48,586 shares of the company’s stock after selling 3,118 shares during the period. TCV Trust & Wealth Management Inc.’s holdings in Diageo were worth $6,177,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC lifted its position in Diageo by 1.1% during the 3rd quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock worth $1,143,000 after acquiring an additional 85 shares during the period. Alliance Wealth Advisors LLC UT raised its stake in shares of Diageo by 2.6% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock worth $430,000 after purchasing an additional 86 shares during the last quarter. Savant Capital LLC lifted its holdings in shares of Diageo by 5.0% during the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock worth $237,000 after purchasing an additional 88 shares during the period. Diversified Trust Co lifted its holdings in shares of Diageo by 5.6% during the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock worth $236,000 after purchasing an additional 98 shares during the period. Finally, Malaga Cove Capital LLC grew its position in Diageo by 3.4% in the 3rd quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock valued at $421,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Down 0.4 %

Diageo stock opened at $108.03 on Wednesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.55. Diageo plc has a one year low of $107.24 and a one year high of $154.71. The business has a fifty day moving average of $122.13 and a two-hundred day moving average of $126.59.

Analyst Ratings Changes

A number of equities analysts have commented on DEO shares. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, TD Cowen lifted their price objective on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Diageo has an average rating of “Hold” and an average target price of $129.00.

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.