Quotient Wealth Partners LLC Has $513,000 Holdings in Diageo plc (NYSE:DEO)

Quotient Wealth Partners LLC lowered its stake in shares of Diageo plc (NYSE:DEO) by 12.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,032 shares of the company’s stock after selling 567 shares during the period. Quotient Wealth Partners LLC’s holdings in Diageo were worth $513,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DEO. Global Retirement Partners LLC boosted its position in shares of Diageo by 1.1% during the third quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock valued at $1,143,000 after buying an additional 85 shares during the last quarter. Alliance Wealth Advisors LLC UT boosted its holdings in Diageo by 2.6% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock worth $430,000 after acquiring an additional 86 shares during the last quarter. Diversified Trust Co grew its stake in shares of Diageo by 5.6% in the 4th quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock worth $236,000 after acquiring an additional 98 shares in the last quarter. Malaga Cove Capital LLC raised its holdings in shares of Diageo by 3.4% in the third quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock valued at $421,000 after purchasing an additional 100 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Diageo by 1.5% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 7,218 shares of the company’s stock valued at $918,000 after purchasing an additional 105 shares during the last quarter. 8.97% of the stock is owned by institutional investors.

Diageo Stock Performance

NYSE DEO opened at $110.36 on Monday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.60. Diageo plc has a 52-week low of $110.18 and a 52-week high of $154.71. The company has a 50-day simple moving average of $122.35 and a 200 day simple moving average of $126.77.

Wall Street Analysts Forecast Growth

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

Diageo Company Profile

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.