Quantinno Capital Management LP Lowers Stock Position in Diageo plc $DEO

Quantinno Capital Management LP cut its position in shares of Diageo plc (NYSE:DEO) by 19.0% during the 1st quarter, Holdings Channel reports. The firm owned 38,630 shares of the company’s stock after selling 9,085 shares during the quarter. Quantinno Capital Management LP’s holdings in Diageo were worth $2,876,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in Diageo by 428.7% in the 4th quarter. Bank of Montreal Can now owns 2,173,047 shares of the company’s stock valued at $187,469,000 after buying an additional 1,762,027 shares during the last quarter. Morgan Stanley boosted 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 during the last quarter. Orbis Allan Gray Ltd boosted its stake in shares of Diageo by 12.4% in the 4th quarter. Orbis Allan Gray Ltd now owns 1,737,346 shares of the company’s stock worth $149,881,000 after buying an additional 191,216 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of Diageo by 48.5% in the third quarter. Raymond James Financial Inc. now owns 1,701,878 shares of the company’s stock valued at $162,410,000 after acquiring an additional 555,509 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Diageo by 53.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,372,808 shares of the company’s stock valued at $102,124,000 after acquiring an additional 477,999 shares during the last quarter. 8.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on DEO shares. Zacks Research lowered Diageo from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Loop Capital set a $99.00 price objective on Diageo in a research note on Thursday, June 18th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research report on Friday, July 17th. Finally, TD Cowen upgraded Diageo from a “hold” rating to a “buy” rating and lifted their target price for the stock from $88.00 to $93.00 in a research note on Thursday, June 25th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $106.25.

Diageo Stock Down 0.1%

DEO opened at $96.21 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 of $83.10 and a 200 day moving average of $83.89.

Diageo News Summary

Here are the key news stories impacting Diageo this week:

• Positive Sentiment: CEO Dave Lewis outlined a three-year turnaround plan targeting $1 billion in cost savings and approximately $8 billion of cumulative cash generation. Savings are expected to come from operational and supply-chain improvements, although the program is expected to incur about $1.2 billion in costs. World’s biggest spirits maker pops 6% on $1 billion cost-cutting plan
• Positive Sentiment: Underlying profit increased despite lower sales, while stronger cash flow supports management’s financial targets and provides additional flexibility for the turnaround. Diageo PLC FY 2026 Earnings Call Highlights
• Positive Sentiment: Citi said Diageo’s prolonged earnings downgrade cycle may be over, raising its fiscal 2027 earnings-per-share forecast by 3% and fiscal 2028 forecast by 6%. The revisions reinforce expectations that cost savings and restructuring could stabilize earnings. Citi says Diageo’s earnings downgrade cycle is finally over
• Neutral Sentiment: Management’s strategy emphasizes restoring growth in the United States, improving productivity and allocating capital more efficiently. Execution will be important because the plan involves significant restructuring costs. The Simple Framework Behind ‘Drastic Dave’s’ Diageo Strategy
• Negative Sentiment: North America remains the main weakness, pressuring sales and the outlook. Fiscal-year organic net sales declined 2%, with lower volumes and unfavorable pricing and product mix also weighing on performance. DEO FY26 Preliminary Earnings Show Pressure on North America Weakness
• Negative Sentiment: Reported quarterly results were below consensus estimates for both earnings per share and revenue, highlighting the near-term challenges facing the spirits portfolio. Diageo earnings results and conference call

About Diageo

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.