Bartlett & CO. Wealth Management LLC Trims Holdings in Diageo plc (NYSE:DEO)

Bartlett & CO. Wealth Management LLC decreased its stake in shares of Diageo plc (NYSE:DEO) by 7.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 37,324 shares of the company’s stock after selling 2,824 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Diageo were worth $4,745,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. AE Wealth Management LLC lifted its holdings in shares of Diageo by 106.8% in the second quarter. AE Wealth Management LLC now owns 2,996 shares of the company’s stock worth $378,000 after buying an additional 1,547 shares in the last quarter. Sei Investments Co. lifted its stake in Diageo by 1.7% in the 2nd quarter. Sei Investments Co. now owns 133,341 shares of the company’s stock worth $16,811,000 after purchasing an additional 2,230 shares in the last quarter. Profund Advisors LLC boosted its holdings in Diageo by 3.0% in the 2nd quarter. Profund Advisors LLC now owns 3,891 shares of the company’s stock valued at $491,000 after purchasing an additional 113 shares during the period. 1832 Asset Management L.P. grew its position in shares of Diageo by 2.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 13,747 shares of the company’s stock valued at $1,733,000 after purchasing an additional 368 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Diageo by 10.5% in the second quarter. Marshall Wace LLP now owns 35,586 shares of the company’s stock worth $4,487,000 after purchasing an additional 3,386 shares during the period. Institutional investors own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DEO shares. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. TD Cowen boosted their price objective on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Finally, UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $129.00.

Diageo Trading Up 1.2 %

NYSE DEO opened at $119.02 on Friday. The stock’s 50-day simple moving average is $122.51 and its two-hundred day simple moving average is $127.68. Diageo plc has a twelve month low of $113.99 and a twelve month high of $154.71. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $66.21 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 4.05 and a beta of 0.67.

About Diageo

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.