Catalyst Financial Partners LLC Sells 569 Shares of Diageo plc (NYSE:DEO)

Catalyst Financial Partners LLC reduced its holdings in Diageo plc (NYSE:DEO) by 23.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,889 shares of the company’s stock after selling 569 shares during the period. Catalyst Financial Partners LLC’s holdings in Diageo were worth $275,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new position in Diageo in the 3rd quarter worth approximately $263,000. Cerity Partners LLC increased its position in shares of Diageo by 6.1% during the fourth quarter. Cerity Partners LLC now owns 41,808 shares of the company’s stock valued at $6,090,000 after purchasing an additional 2,400 shares during the period. Retirement Planning Co of New England Inc. increased its position in shares of Diageo by 51.0% during the third quarter. Retirement Planning Co of New England Inc. now owns 8,723 shares of the company’s stock valued at $1,301,000 after purchasing an additional 2,946 shares during the period. Wellington Management Group LLP increased its position in shares of Diageo by 8.2% during the third quarter. Wellington Management Group LLP now owns 432,223 shares of the company’s stock valued at $64,479,000 after purchasing an additional 32,928 shares during the period. Finally, Rockline Wealth Management LLC bought a new stake in shares of Diageo during the fourth quarter valued at approximately $1,142,000. 8.97% of the stock is owned by institutional investors.

Diageo Price Performance

DEO stock traded up $1.92 during trading on Wednesday, hitting $140.96. The company had a trading volume of 729,576 shares, compared to its average volume of 791,218. The company has a fifty day moving average price of $144.39 and a two-hundred day moving average price of $145.31. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.58 and a quick ratio of 0.65. Diageo plc has a fifty-two week low of $135.63 and a fifty-two week high of $186.37.

Analysts Set New Price Targets

Separately, BNP Paribas cut Diageo from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $3,797.50.

Diageo Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.