Goelzer Investment Management Inc. trimmed its position in Diageo PLC (NYSE:DEO) by 1.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,956 shares of the company’s stock after selling 487 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Diageo PLC were worth $4,487,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Bangor Savings Bank increased its stake in Diageo PLC by 0.9% in the second quarter. Bangor Savings Bank now owns 1,774 shares of the company’s stock valued at $212,000 after acquiring an additional 16 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Diageo PLC by 0.8% in the second quarter. Parkside Financial Bank & Trust now owns 2,526 shares of the company’s stock valued at $303,000 after buying an additional 20 shares in the last quarter. Capital One National Association boosted its position in Diageo PLC by 0.7% in the second quarter. Capital One National Association now owns 3,119 shares of the company’s stock valued at $374,000 after buying an additional 22 shares in the last quarter. Sterling Investment Advisors Ltd. boosted its position in Diageo PLC by 0.3% in the second quarter. Sterling Investment Advisors Ltd. now owns 9,251 shares of the company’s stock valued at $1,109,000 after buying an additional 26 shares in the last quarter. Finally, Lourd Capital LLC boosted its position in Diageo PLC by 0.4% in the second quarter. Lourd Capital LLC now owns 7,646 shares of the company’s stock valued at $916,000 after buying an additional 30 shares in the last quarter. 11.68% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have weighed in on the stock. BidaskClub upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Evercore ISI assumed coverage on shares of Diageo PLC in a research report on Thursday, September 28th. They issued an “outperform” rating and a $152.00 target price on the stock. Zacks Investment Research lowered shares of Diageo PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Jefferies Group LLC restated a “buy” rating and issued a $155.40 target price (up previously from $155.20) on shares of Diageo PLC in a research report on Saturday, September 30th. Finally, Berenberg Bank lowered shares of Diageo PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $152.35.

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Diageo PLC 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 PLC (NYSE:DEO)

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