Entropy Technologies LP Reduces Stock Position in Diageo plc $DEO

Entropy Technologies LP reduced its holdings in Diageo plc (NYSE:DEO) by 25.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,053 shares of the company’s stock after selling 10,755 shares during the period. Entropy Technologies LP’s holdings in Diageo were worth $2,765,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bank of Montreal Can grew its stake in shares of Diageo by 428.7% in the 4th quarter. Bank of Montreal Can now owns 2,173,047 shares of the company’s stock worth $187,469,000 after buying an additional 1,762,027 shares in the last quarter. Morgan Stanley grew its stake in shares of Diageo by 32.4% in the 4th quarter. Morgan Stanley now owns 1,947,245 shares of the company’s stock worth $167,989,000 after buying an additional 476,979 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Diageo by 48.5% in the 3rd quarter. Raymond James Financial Inc. now owns 1,701,878 shares of the company’s stock worth $162,410,000 after buying an additional 555,509 shares in the last quarter. Markel Group Inc. grew its stake in shares of Diageo by 0.4% in the 4th quarter. Markel Group Inc. now owns 1,371,708 shares of the company’s stock worth $118,337,000 after buying an additional 5,000 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Diageo by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,276,576 shares of the company’s stock worth $121,824,000 after buying an additional 4,227 shares in the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Down 0.0%

DEO stock opened at $81.78 on Monday. Diageo plc has a 12 month low of $72.45 and a 12 month high of $116.41. The company has a quick ratio of 0.71, a current ratio of 1.60 and a debt-to-equity ratio of 1.53. The company has a 50-day moving average price of $80.77 and a 200 day moving average price of $85.20.

Analysts Set New Price Targets

DEO has been the subject of a number of recent research reports. HSBC cut shares of Diageo from a “buy” rating to a “hold” rating in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. BNP Paribas Exane raised shares of Diageo from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research note on Monday, April 20th. Finally, Zacks Research raised shares of Diageo from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $116.50.

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.