Tdam USA Inc. Sells 840 Shares of Diageo plc (DEO)

Tdam USA Inc. decreased its holdings in Diageo plc (NYSE:DEO) by 17.9% during the 1st quarter, HoldingsChannel reports. The fund owned 3,843 shares of the company’s stock after selling 840 shares during the quarter. Tdam USA Inc.’s holdings in Diageo were worth $629,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in DEO. Public Employees Retirement Association of Colorado lifted its position in shares of Diageo by 27.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 547,691 shares of the company’s stock worth $77,663,000 after buying an additional 118,880 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Diageo during the 4th quarter worth approximately $10,851,000. Edge Capital Group LLC bought a new position in shares of Diageo during the 4th quarter worth approximately $7,644,000. OLD Mission Capital LLC lifted its position in shares of Diageo by 124.2% during the 4th quarter. OLD Mission Capital LLC now owns 71,120 shares of the company’s stock worth $10,085,000 after buying an additional 39,402 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Diageo during the 4th quarter worth approximately $5,204,000. 10.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of DEO stock traded up $0.14 during trading hours on Tuesday, hitting $169.63. 5,673 shares of the company were exchanged, compared to its average volume of 381,404. The company has a quick ratio of 0.73, a current ratio of 1.48 and a debt-to-equity ratio of 0.94. Diageo plc has a 52-week low of $131.43 and a 52-week high of $171.58. The firm has a market cap of $103.29 billion, a P/E ratio of 26.65, a PEG ratio of 3.01 and a beta of 0.54.

Several research firms have commented on DEO. Zacks Investment Research raised shares of Diageo from a “sell” rating to a “hold” rating in a research report on Tuesday. Liberum Capital raised shares of Diageo from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Barclays began coverage on shares of Diageo in a research report on Monday, April 1st. They set an “overweight” rating on the stock. Finally, Investec cut shares of Diageo from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $164.75.

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Diageo Company Profile

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.

Further Reading: Investing in Growth Stocks

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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