Douglas Lane & Associates LLC Cuts Stake in Diageo plc (NYSE:DEO)

Douglas Lane & Associates LLC lessened its position in Diageo plc (NYSE:DEO) by 20.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 357,815 shares of the company’s stock after selling 90,511 shares during the period. Douglas Lane & Associates LLC owned about 0.06% of Diageo worth $45,489,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DEO. Bank of Montreal Can raised its holdings in shares of Diageo by 1,034.5% during the second quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock valued at $104,443,000 after purchasing an additional 729,166 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Diageo by 105.7% in the third quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock worth $133,240,000 after acquiring an additional 487,904 shares during the period. FMR LLC increased its position in Diageo by 9.1% during the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after acquiring an additional 437,646 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Diageo by 416.0% in the second quarter. Hsbc Holdings PLC now owns 521,920 shares of the company’s stock valued at $65,939,000 after acquiring an additional 420,778 shares during the period. Finally, Raymond James & Associates grew its stake in shares of Diageo by 52.3% during the 3rd quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock valued at $119,800,000 after purchasing an additional 293,017 shares during the period. Institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. TD Cowen boosted their price objective on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $129.00.

Diageo Stock Up 0.1 %

NYSE DEO traded up $0.17 on Wednesday, reaching $125.05. 403,088 shares of the stock traded hands, compared to its average volume of 1,017,865. Diageo plc has a 12 month low of $117.72 and a 12 month high of $154.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The company has a fifty day moving average price of $123.24 and a 200-day moving average price of $128.40. The company has a market cap of $69.56 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 3.73 and a beta of 0.67.

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.