Silvercrest Asset Management Group LLC Decreases Stock Holdings in Diageo plc (NYSE:DEO)

Silvercrest Asset Management Group LLC trimmed its holdings in shares of Diageo plc (NYSE:DEO) by 5.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 37,889 shares of the company’s stock after selling 2,339 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Diageo were worth $5,636,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado grew its position in Diageo by 4,665.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 482,713 shares of the company’s stock valued at $70,312,000 after buying an additional 472,583 shares during the period. Private Advisor Group LLC grew its position in Diageo by 3.3% during the fourth quarter. Private Advisor Group LLC now owns 14,621 shares of the company’s stock valued at $2,129,000 after buying an additional 470 shares during the period. Beacon Financial Group bought a new stake in Diageo during the fourth quarter valued at approximately $296,000. Wellington Management Group LLP boosted its position in shares of Diageo by 56.7% in the fourth quarter. Wellington Management Group LLP now owns 677,478 shares of the company’s stock worth $98,681,000 after purchasing an additional 245,255 shares during the period. Finally, QRG Capital Management Inc. boosted its position in shares of Diageo by 16.4% in the first quarter. QRG Capital Management Inc. now owns 7,185 shares of the company’s stock worth $1,069,000 after purchasing an additional 1,011 shares during the period. 8.97% of the stock is currently owned by institutional investors.

Diageo Price Performance

Shares of NYSE:DEO traded down $6.61 during midday trading on Tuesday, reaching $124.96. 1,343,626 shares of the company were exchanged, compared to its average volume of 740,603. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.58 and a quick ratio of 0.65. The business’s fifty day moving average is $131.58 and its two-hundred day moving average is $140.05. Diageo plc has a one year low of $123.32 and a one year high of $177.16.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DEO shares. Citigroup upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 3rd. The Goldman Sachs Group lowered shares of Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Diageo has an average rating of “Hold” and a consensus price target of $3,730.00.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.