Fayez Sarofim & Co Has $44.90 Million Stock Position in Diageo plc $DEO

Fayez Sarofim & Co cut its holdings in Diageo plc (NYSE:DEO) by 20.5% during the second quarter, Holdings Channel.com reports. The firm owned 445,273 shares of the company’s stock after selling 114,558 shares during the quarter. Fayez Sarofim & Co’s holdings in Diageo were worth $44,901,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Twin Peaks Wealth Advisors LLC acquired a new position in Diageo during the second quarter worth $26,000. Truvestments Capital LLC bought a new stake in Diageo during the 1st quarter worth about $30,000. Bell Investment Advisors Inc boosted its stake in shares of Diageo by 94.7% during the 2nd quarter. Bell Investment Advisors Inc now owns 292 shares of the company’s stock worth $29,000 after buying an additional 142 shares during the last quarter. HHM Wealth Advisors LLC grew its holdings in shares of Diageo by 76.5% in the 2nd quarter. HHM Wealth Advisors LLC now owns 330 shares of the company’s stock valued at $33,000 after acquiring an additional 143 shares in the last quarter. Finally, Whipplewood Advisors LLC increased its position in shares of Diageo by 84.0% in the second quarter. Whipplewood Advisors LLC now owns 357 shares of the company’s stock valued at $36,000 after acquiring an additional 163 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on DEO. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Diageo in a report on Friday, November 28th. Zacks Research cut shares of Diageo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. UBS Group restated a “neutral” rating on shares of Diageo in a research note on Wednesday, December 3rd. Finally, Bank of America cut their target price on shares of Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a research note on Friday, September 26th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Diageo presently has an average rating of “Reduce” and an average target price of $119.00.

Diageo Stock Down 0.5%

DEO stock opened at $87.98 on Tuesday. Diageo plc has a one year low of $86.57 and a one year high of $132.34. The company has a fifty day moving average price of $93.67 and a two-hundred day moving average price of $101.12. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64.

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.