Courier Capital LLC Has $1.70 Million Stake in Diageo plc (NYSE:DEO)

Courier Capital LLC lowered its position in Diageo plc (NYSE:DEOFree Report) by 9.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,399 shares of the company’s stock after selling 1,370 shares during the quarter. Courier Capital LLC’s holdings in Diageo were worth $1,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Eastern Bank lifted its stake in shares of Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after buying an additional 125 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Diageo by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 118,712 shares of the company’s stock worth $16,660,000 after purchasing an additional 346 shares during the period. First Hawaiian Bank lifted its holdings in Diageo by 24.6% during the 4th quarter. First Hawaiian Bank now owns 5,407 shares of the company’s stock worth $687,000 after purchasing an additional 1,069 shares during the last quarter. Diversified Trust Co boosted its stake in Diageo by 5.6% in the 4th quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock valued at $236,000 after purchasing an additional 98 shares during the period. Finally, Canandaigua National Trust Co of Florida acquired a new position in Diageo in the 4th quarter valued at $269,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Price Performance

Shares of NYSE DEO traded down $1.68 during trading hours on Monday, hitting $116.55. 2,269,029 shares of the stock were exchanged, compared to its average volume of 1,262,525. The company’s fifty day simple moving average is $123.10 and its two-hundred day simple moving average is $128.25. The company has a market cap of $64.83 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 3.73 and a beta of 0.67. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo plc has a 1-year low of $115.16 and a 1-year high of $154.71.

Analyst Upgrades and Downgrades

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

Read Our Latest Analysis on DEO

Diageo Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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