Bristol Advisors LLC trimmed its holdings in Diageo plc (NYSE:DEO) by 74.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,400 shares of the company’s stock after selling 12,500 shares during the period. Bristol Advisors LLC’s holdings in Diageo were worth $643,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Sit Investment Associates Inc. raised its position in Diageo by 1.2% during the fourth quarter. Sit Investment Associates Inc. now owns 40,228 shares of the company’s stock valued at $5,874,000 after purchasing an additional 495 shares in the last quarter. Moon Capital Management LLC acquired a new position in Diageo during the fourth quarter valued at approximately $218,000. Fagan Associates Inc. raised its position in Diageo by 7.5% during the third quarter. Fagan Associates Inc. now owns 11,330 shares of the company’s stock valued at $1,497,000 after purchasing an additional 795 shares in the last quarter. Strategic Global Advisors LLC acquired a new position in Diageo during the third quarter valued at approximately $326,000. Finally, Dimensional Fund Advisors LP raised its position in Diageo by 1.9% during the third quarter. Dimensional Fund Advisors LP now owns 486,548 shares of the company’s stock valued at $64,288,000 after purchasing an additional 8,978 shares in the last quarter. Institutional investors and hedge funds own 12.04% of the company’s stock.

Several research analysts have recently issued reports on DEO shares. Jefferies Group reiterated a “buy” rating and set a $155.40 price target (up from $155.20) on shares of Diageo in a report on Saturday, September 30th. Zacks Investment Research upgraded shares of Diageo from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a report on Wednesday, December 27th. Finally, Evercore ISI started coverage on shares of Diageo in a report on Thursday, September 28th. They set an “outperform” rating and a $152.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $156.00.

Shares of Diageo plc (NYSE:DEO) traded up $0.13 during trading hours on Friday, hitting $143.99. 381,000 shares of the stock traded hands, compared to its average volume of 460,612. The firm has a market capitalization of $89,840.00, a P/E ratio of 24.70, a PEG ratio of 2.93 and a beta of 0.75. The company has a quick ratio of 0.58, a current ratio of 1.30 and a debt-to-equity ratio of 0.58. Diageo plc has a 52 week low of $106.34 and a 52 week high of $147.06.

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Diageo Company Profile

Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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