First Republic Investment Management Inc. Sells 3,681 Shares of Diageo plc (NYSE:DEO)

First Republic Investment Management Inc. trimmed its position in Diageo plc (NYSE:DEO – Get Rating) by 3.9% during the third quarter, HoldingsChannel.com reports. The fund owned 91,147 shares of the company’s stock after selling 3,681 shares during the quarter. First Republic Investment Management Inc.’s holdings in Diageo were worth $15,478,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in DEO. Pinnacle Holdings LLC acquired a new stake in Diageo in the first quarter valued at approximately $33,000. Heritage Financial Services LLC acquired a new stake in Diageo in the second quarter valued at approximately $34,000. Hexagon Capital Partners LLC boosted its position in Diageo by 206.2% in the second quarter. Hexagon Capital Partners LLC now owns 199 shares of the company’s stock valued at $35,000 after buying an additional 134 shares in the last quarter. Bogart Wealth LLC boosted its position in Diageo by 10,000.0% in the second quarter. Bogart Wealth LLC now owns 202 shares of the company’s stock valued at $35,000 after buying an additional 200 shares in the last quarter. Finally, Castleview Partners LLC boosted its position in Diageo by 17,311.4% in the second quarter. Castleview Partners LLC now owns 6,094 shares of the company’s stock valued at $35,000 after buying an additional 6,059 shares in the last quarter. 9.04% of the stock is owned by institutional investors.

Diageo Trading Down 0.8 %

DEO stock opened at $184.30 on Wednesday. Diageo plc has a 12-month low of $160.09 and a 12-month high of $212.33. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.69 and a current ratio of 1.53. The company’s fifty day simple moving average is $182.32 and its 200 day simple moving average is $178.06.

Wall Street Analyst Weigh In

DEO has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Diageo from GBX 3,160 ($39.12) to GBX 2,750 ($34.05) in a report on Thursday, January 12th. Morgan Stanley lowered shares of Diageo from an “overweight” rating to an “equal weight” rating in a report on Friday, January 6th. JPMorgan Chase & Co. lifted their price target on shares of Diageo from GBX 4,350 ($53.86) to GBX 4,500 ($55.71) in a report on Thursday, December 1st. Barclays cut their price target on shares of Diageo from GBX 5,430 ($67.23) to GBX 5,010 ($62.03) in a report on Tuesday, December 13th. Finally, Erste Group Bank lowered shares of Diageo from a “buy” rating to a “hold” rating in a report on Friday, November 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4,113.33.

Diageo Company Profile

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Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.