Accent Capital Management LLC Reduces Stock Position in Diageo plc (NYSE:DEO)

Accent Capital Management LLC decreased its position in shares of Diageo plc (NYSE:DEO) by 26.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347 shares of the company’s stock after selling 124 shares during the quarter. Accent Capital Management LLC’s holdings in Diageo were worth $50,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Triad Wealth Partners LLC acquired a new stake in Diageo in the second quarter valued at $25,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Diageo in the 2nd quarter worth about $25,000. Beacon Capital Management LLC grew its stake in Diageo by 777.3% in the 1st quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. Concord Wealth Partners purchased a new position in Diageo during the 3rd quarter valued at about $38,000. Finally, Bruce G. Allen Investments LLC raised its position in 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 acquiring an additional 279 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

DEO has been the subject of a number of recent research reports. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Diageo has an average rating of “Hold”.

Diageo Stock Performance

Shares of DEO opened at $118.16 on Friday. Diageo plc has a 1 year low of $117.84 and a 1 year high of $154.71. The company’s 50 day simple moving average is $131.57 and its 200 day simple moving average is $131.76. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

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.