Montag A & Associates Inc. Sells 514 Shares of Diageo plc $DEO

Montag A & Associates Inc. trimmed its holdings in shares of Diageo plc (NYSE:DEO) by 2.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,081 shares of the company’s stock after selling 514 shares during the quarter. Montag A & Associates Inc.’s holdings in Diageo were worth $1,722,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DEO. Venturi Wealth Management LLC increased its holdings in shares of Diageo by 3.6% during the 1st quarter. Venturi Wealth Management LLC now owns 2,582 shares of the company’s stock valued at $271,000 after acquiring an additional 89 shares during the last quarter. SageView Advisory Group LLC boosted its position in Diageo by 1.7% during the first quarter. SageView Advisory Group LLC now owns 5,450 shares of the company’s stock worth $571,000 after purchasing an additional 89 shares during the period. Pinnacle West Asset Management Inc. boosted its position in Diageo by 3.2% during the first quarter. Pinnacle West Asset Management Inc. now owns 3,240 shares of the company’s stock worth $340,000 after purchasing an additional 100 shares during the period. Aaron Wealth Advisors LLC grew its holdings in Diageo by 2.9% during the second quarter. Aaron Wealth Advisors LLC now owns 3,541 shares of the company’s stock valued at $357,000 after purchasing an additional 101 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in shares of Diageo by 2.1% in the first quarter. Kestra Private Wealth Services LLC now owns 5,345 shares of the company’s stock valued at $560,000 after purchasing an additional 110 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

DEO has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a report on Wednesday, October 8th. The Goldman Sachs Group raised shares of Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Finally, Bank of America lowered their price target on Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research report on Friday, September 26th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $119.00.

Diageo Stock Up 2.4%

Shares of Diageo stock opened at $97.37 on Wednesday. The firm has a fifty day moving average price of $97.25 and a two-hundred day moving average price of $104.07. Diageo plc has a fifty-two week low of $86.57 and a fifty-two week high of $132.34. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.63 and a quick ratio of 0.64.

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.