Core Alternative Capital Sells 27,350 Shares of Diageo plc (NYSE:DEO)

Core Alternative Capital lowered its stake in Diageo plc (NYSE:DEO) by 63.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 16,063 shares of the company’s stock after selling 27,350 shares during the quarter. Core Alternative Capital’s holdings in Diageo were worth $2,042,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Cambiar Investors LLC increased its holdings in Diageo by 6.8% in the 4th quarter. Cambiar Investors LLC now owns 497,022 shares of the company’s stock worth $63,186,000 after acquiring an additional 31,613 shares in the last quarter. Mill Creek Capital Advisors LLC boosted its position in shares of Diageo by 1.7% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 6,367 shares of the company’s stock worth $809,000 after purchasing an additional 104 shares during the period. Summit Trail Advisors LLC increased its stake in shares of Diageo by 10.0% in the fourth quarter. Summit Trail Advisors LLC now owns 4,324 shares of the company’s stock worth $550,000 after purchasing an additional 394 shares in the last quarter. Savant Capital LLC increased its stake in shares of Diageo by 5.0% in 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 in the last quarter. Finally, Canvas Wealth Advisors LLC raised its position in shares of Diageo by 43.0% during the 4th quarter. Canvas Wealth Advisors LLC now owns 5,458 shares of the company’s stock valued at $694,000 after purchasing an additional 1,642 shares during the period. 8.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Diageo Stock Down 1.9 %

DEO opened at $108.36 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The company has a fifty day moving average of $122.35 and a 200 day moving average of $126.74. Diageo plc has a fifty-two week low of $108.19 and a fifty-two week high of $154.71.

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.