OmniStar Financial Group Inc. trimmed its holdings in Diageo plc (NYSE:DEO) by 49.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,670 shares of the company’s stock after selling 1,663 shares during the period. OmniStar Financial Group Inc.’s holdings in Diageo were worth $273,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in DEO. Centerpoint Advisors LLC acquired a new stake in Diageo during the fourth quarter worth approximately $26,000. Acima Private Wealth LLC acquired a new stake in Diageo during the fourth quarter worth approximately $29,000. Claybrook Capital LLC acquired a new stake in Diageo during the fourth quarter worth approximately $30,000. Capital Investment Advisory Services LLC acquired a new stake in Diageo during the fourth quarter worth approximately $31,000. Finally, Canton Hathaway LLC acquired a new stake in Diageo during the first quarter worth approximately $36,000. 10.59% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently issued reports on DEO shares. Zacks Investment Research upgraded shares of Diageo from a “hold” rating to a “strong-buy” rating and set a $174.00 target price on the stock in a research report on Tuesday, February 5th. Investec lowered shares of Diageo from a “hold” rating to a “sell” rating in a report on Monday, March 25th. Liberum Capital raised shares of Diageo from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st. Finally, Barclays initiated coverage on shares of Diageo in a research note on Monday, April 1st. They issued an “overweight” rating on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $164.75.
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Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
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