Clark Estates Inc. NY Sells 30,000 Shares of Diageo plc $DEO

Clark Estates Inc. NY trimmed its holdings in Diageo plc (NYSE:DEO) by 20.7% during the third quarter, Holdings Channel reports. The firm owned 115,000 shares of the company’s stock after selling 30,000 shares during the quarter. Diageo comprises about 2.5% of Clark Estates Inc. NY’s holdings, making the stock its 11th largest position. Clark Estates Inc. NY’s holdings in Diageo were worth $10,974,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DEO. Equity Investment Corp acquired a new position in Diageo in the third quarter valued at approximately $92,970,000. Federated Hermes Inc. increased its stake in shares of Diageo by 7.2% in the 3rd quarter. Federated Hermes Inc. now owns 726,578 shares of the company’s stock valued at $69,337,000 after acquiring an additional 48,909 shares in the last quarter. Savant Capital LLC acquired a new position in shares of Diageo during the 2nd quarter valued at $310,000. Osaic Holdings Inc. boosted its stake in Diageo by 42.2% during the second quarter. Osaic Holdings Inc. now owns 99,998 shares of the company’s stock worth $10,099,000 after acquiring an additional 29,674 shares in the last quarter. Finally, Confluence Investment Management LLC grew its holdings in Diageo by 0.9% in the third quarter. Confluence Investment Management LLC now owns 1,363,504 shares of the company’s stock worth $130,119,000 after purchasing an additional 12,678 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Diageo in a research report on Friday, November 28th. UBS Group reaffirmed a “neutral” rating on shares of Diageo in a research note on Wednesday, December 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a report on Wednesday, January 21st. Zacks Research downgraded Diageo from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Finally, Sanford C. Bernstein set a $124.00 target price on Diageo and gave the stock an “outperform” rating in a research report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $116.50.

Diageo Trading Up 4.0%

DEO stock opened at $100.32 on Monday. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64. The business has a 50-day simple moving average of $91.17 and a two-hundred day simple moving average of $96.02. Diageo plc has a 52-week low of $84.52 and a 52-week high of $116.69.

Diageo Company Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.