Geneva Advisors LLC Has $2.51 Million Position in Diageo plc (DEO)

Geneva Advisors LLC Has $2.51 Million Position in Diageo plc (DEO)

Geneva Advisors LLC reduced its position in shares of Diageo plc (NYSE:DEO) by 4.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 21,718 shares of the company’s stock after selling 990 shares during the period. Geneva Advisors LLC’s holdings in Diageo plc were worth $2,510,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of DEO. Enterprise Financial Services Corp raised its position in Diageo plc by 1.6% in the third quarter. Enterprise Financial Services Corp now owns 1,550 shares of the company’s stock worth $180,000 after buying an additional 24 shares in the last quarter. Budros Ruhlin & Roe Inc. raised its position in Diageo plc by 0.4% in the third quarter. Budros Ruhlin & Roe Inc. now owns 6,906 shares of the company’s stock worth $801,000 after buying an additional 30 shares in the last quarter. Carroll Financial Associates Inc. raised its position in Diageo plc by 2.7% in the first quarter. Carroll Financial Associates Inc. now owns 1,622 shares of the company’s stock worth $187,000 after buying an additional 43 shares in the last quarter. Sunbelt Securities Inc. raised its position in Diageo plc by 1.8% in the fourth quarter. Sunbelt Securities Inc. now owns 2,776 shares of the company’s stock worth $289,000 after buying an additional 48 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its position in Diageo plc by 1.0% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 4,885 shares of the company’s stock worth $565,000 after buying an additional 50 shares in the last quarter.

Shares of Diageo plc (NYSE:DEO) traded up 0.42% during trading on Friday, reaching $119.55. 341,231 shares of the company were exchanged. The stock has a market capitalization of $75.05 billion and a price-to-earnings ratio of 25.05. Diageo plc has a one year low of $99.46 and a one year high of $119.55. The company has a 50 day moving average price of $116.19 and a 200-day moving average price of $109.72.

A number of equities analysts have recently commented on the stock. Jefferies Group LLC set a $120.00 price target on shares of Diageo plc and gave the company a “buy” rating in a research report on Saturday, March 18th. Zacks Investment Research raised shares of Diageo plc from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Liberum Capital lowered shares of Diageo plc from a “hold” rating to a “sell” rating in a research report on Monday, January 30th. Finally, Goldman Sachs Group Inc lowered shares of Diageo plc from a “neutral” rating to a “sell” rating in a research report on Thursday, March 30th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $125.00.

About Diageo plc

Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.

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