GAMMA Investing LLC Trims Stake in Diageo plc (NYSE:DEO)

GAMMA Investing LLC lowered its position in Diageo plc (NYSE:DEO) by 4.2% in the 4th quarter, Holdings Channel reports. The firm owned 3,244 shares of the company’s stock after selling 143 shares during the quarter. GAMMA Investing LLC’s holdings in Diageo were worth $412,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Diageo during the 3rd quarter worth approximately $25,000. Concord Wealth Partners purchased a new stake in Diageo in the third quarter worth $38,000. Bruce G. Allen Investments LLC lifted its position in shares of Diageo by 1,395.0% during the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after purchasing an additional 279 shares during the last quarter. Davis Capital Management purchased a new stake in shares of Diageo during the third quarter valued at $55,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of Diageo in the third quarter worth about $56,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

DEO has been the subject of several research reports. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. UBS Group raised 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. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Diageo Trading Down 3.8 %

NYSE:DEO opened at $121.38 on Monday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The firm has a 50-day simple moving average of $123.51 and a 200-day simple moving average of $128.48. Diageo plc has a one year low of $117.72 and a one year high of $154.71.

Diageo 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.