Bangor Savings Bank Sells 515 Shares of Diageo plc (NYSE:DEO)

Bangor Savings Bank decreased its holdings in shares of Diageo plc (NYSE:DEO) by 8.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 5,544 shares of the company’s stock after selling 515 shares during the period. Bangor Savings Bank’s holdings in Diageo were worth $581,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DEO. FMR LLC raised its stake in Diageo by 10.9% during the 4th quarter. FMR LLC now owns 5,813,938 shares of the company’s stock worth $739,126,000 after buying an additional 571,873 shares during the period. Kovitz Investment Group Partners LLC raised its stake in Diageo by 234.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,600,702 shares of the company’s stock worth $330,627,000 after buying an additional 1,822,994 shares during the period. Royal Bank of Canada raised its stake in Diageo by 0.3% during the 4th quarter. Royal Bank of Canada now owns 1,540,800 shares of the company’s stock worth $195,883,000 after buying an additional 3,876 shares during the period. Bank of Montreal Can raised its stake in Diageo by 1,181.5% during the 4th quarter. Bank of Montreal Can now owns 1,406,004 shares of the company’s stock worth $178,745,000 after buying an additional 1,296,285 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Diageo by 9.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,220,534 shares of the company’s stock worth $155,167,000 after buying an additional 103,540 shares during the period. Institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Berenberg Bank assumed coverage on Diageo in a research note on Wednesday, April 2nd. They set a “buy” rating on the stock. Morgan Stanley reaffirmed an “underweight” rating on shares of Diageo in a research note on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Diageo has a consensus rating of “Hold” and a consensus target price of $129.00.

Diageo Price Performance

DEO stock opened at $105.10 on Monday. The stock has a 50-day moving average price of $110.11 and a two-hundred day moving average price of $114.32. The stock has a market cap of $58.47 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 2.39 and a beta of 0.58. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. Diageo plc has a 1 year low of $100.72 and a 1 year high of $142.73.

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.