TIAA Trust National Association Sells 694 Shares of Diageo plc (NYSE:DEO)

TIAA Trust National Association decreased its holdings in Diageo plc (NYSE:DEO) by 12.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,685 shares of the company’s stock after selling 694 shares during the period. TIAA Trust National Association’s holdings in Diageo were worth $697,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Pinnacle Wealth Planning Services Inc. increased its position in shares of Diageo by 12.1% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 3,560 shares of the company’s stock worth $530,000 after purchasing an additional 385 shares in the last quarter. Councilmark Asset Management LLC acquired a new position in shares of Diageo during the first quarter worth $1,493,000. Barden Capital Management Inc. increased its position in shares of Diageo by 10.0% during the first quarter. Barden Capital Management Inc. now owns 4,473 shares of the company’s stock worth $665,000 after purchasing an additional 407 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in shares of Diageo by 6.0% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 5,458 shares of the company’s stock worth $812,000 after purchasing an additional 309 shares in the last quarter. Finally, ProVise Management Group LLC increased its position in shares of Diageo by 16.0% during the first quarter. ProVise Management Group LLC now owns 2,778 shares of the company’s stock worth $413,000 after purchasing an additional 383 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on DEO shares. Citigroup raised Diageo from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 3rd. The Goldman Sachs Group downgraded Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Diageo presently has an average rating of “Hold” and a consensus price target of $3,730.00.

Diageo Stock Performance

Shares of DEO traded down $0.57 during trading hours on Friday, reaching $128.49. 1,223,746 shares of the company traded hands, compared to its average volume of 622,847. 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 12-month low of $124.80 and a 12-month high of $178.89. The business has a fifty day moving average price of $133.01 and a 200-day moving average price of $140.57.

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.