Lincoln Capital LLC Has $1.09 Million Stake in Diageo plc $DEO

Lincoln Capital LLC lowered its stake in shares of Diageo plc (NYSE:DEO) by 76.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 11,342 shares of the company’s stock after selling 37,065 shares during the period. Lincoln Capital LLC’s holdings in Diageo were worth $1,092,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Twin Peaks Wealth Advisors LLC bought a new position in Diageo during the second quarter valued at about $26,000. Arlington Trust Co LLC grew its holdings in shares of Diageo by 3,885.7% during the 3rd quarter. Arlington Trust Co LLC now owns 279 shares of the company’s stock worth $27,000 after purchasing an additional 272 shares in the last quarter. Bell Investment Advisors Inc increased its position in shares of Diageo by 94.7% during the second quarter. Bell Investment Advisors Inc now owns 292 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares during the period. New England Capital Financial Advisors LLC acquired a new position in shares of Diageo in the third quarter valued at $29,000. Finally, HHM Wealth Advisors LLC raised its stake in shares of Diageo by 76.5% in the second quarter. HHM Wealth Advisors LLC now owns 330 shares of the company’s stock valued at $33,000 after purchasing an additional 143 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on DEO. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a research note on Wednesday, January 21st. Zacks Research lowered shares of Diageo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Sanford C. Bernstein set a $124.00 target price on shares of Diageo and gave the company an “outperform” rating in a research note on Monday, December 29th. UBS Group restated a “neutral” rating on shares of Diageo in a research note on Wednesday, December 3rd. Finally, Barclays reiterated an “overweight” rating on shares of Diageo in a research note on Thursday, December 11th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $116.50.

Diageo Stock Up 4.4%

Shares of DEO stock opened at $97.21 on Thursday. Diageo plc has a 12-month low of $84.52 and a 12-month high of $116.69. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.63 and a quick ratio of 0.64. The firm has a 50-day moving average price of $89.07 and a 200 day moving average price of $96.49.

Diageo 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.