Hall Laurie J Trustee Sells 137 Shares of Diageo plc (NYSE:DEO)

Hall Laurie J Trustee trimmed its position in shares of Diageo plc (NYSE:DEO) by 22.9% in the fourth quarter, Holdings Channel reports. The fund owned 460 shares of the company’s stock after selling 137 shares during the quarter. Hall Laurie J Trustee’s holdings in Diageo were worth $58,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC increased its stake in Diageo by 1.1% during the 3rd quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock worth $1,143,000 after buying an additional 85 shares during the period. Diversified Trust Co grew its stake in shares of Diageo by 5.6% during the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock valued at $236,000 after acquiring an additional 98 shares in the last quarter. Malaga Cove Capital LLC increased its position in shares of Diageo by 3.4% during the third quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock worth $421,000 after acquiring an additional 100 shares during the last quarter. Profund Advisors LLC lifted its stake in shares of Diageo by 3.0% in the second quarter. Profund Advisors LLC now owns 3,891 shares of the company’s stock worth $491,000 after acquiring an additional 113 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its holdings in Diageo by 4.7% in the third quarter. Farmers & Merchants Investments Inc. now owns 2,542 shares of the company’s stock valued at $357,000 after purchasing an additional 114 shares during the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research 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 boosted their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Diageo has a consensus rating of “Hold” and an average target price of $129.00.

Diageo Stock Up 1.2 %

DEO stock opened at $118.75 on Monday. The stock’s 50 day simple moving average is $122.58 and its 200 day simple moving average is $127.90. Diageo plc has a 12-month low of $113.99 and a 12-month high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

Diageo 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.