Diageo plc (NYSE:DEO) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co reduced its stake in shares of Diageo plc (NYSE:DEO) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,592 shares of the company’s stock after selling 282 shares during the period. CENTRAL TRUST Co’s holdings in Diageo were worth $2,236,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group acquired a new position in Diageo in the third quarter worth about $25,000. Eastern Bank increased its holdings in shares of Diageo by 107.8% in the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after acquiring an additional 125 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of Diageo during the 4th quarter valued at approximately $35,000. Concord Wealth Partners bought a new position in Diageo during the third quarter worth $38,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in Diageo by 1,395.0% in the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after purchasing an additional 279 shares during the period. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

DEO stock opened at $119.93 on Monday. Diageo plc has a 1 year low of $113.99 and a 1 year high of $154.71. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The stock’s fifty day moving average is $122.93 and its two-hundred day moving average is $127.33.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen lifted their target price on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Diageo has an average rating of “Hold” and a consensus target price of $129.00.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.