CENTRAL TRUST Co Lowers Stock Position in Diageo plc (NYSE:DEO)

CENTRAL TRUST Co reduced its position in Diageo plc (NYSE:DEO) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,592 shares of the company’s stock after selling 282 shares during the quarter. CENTRAL TRUST Co’s holdings in Diageo were worth $2,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DEO. Spire Wealth Management lifted its stake in shares of Diageo by 65.4% in the 4th quarter. Spire Wealth Management now owns 3,545 shares of the company’s stock valued at $451,000 after purchasing an additional 1,402 shares in the last quarter. DAVENPORT & Co LLC lifted its position in Diageo by 8.5% during the fourth quarter. DAVENPORT & Co LLC now owns 86,249 shares of the company’s stock valued at $10,965,000 after buying an additional 6,791 shares in the last quarter. Inlet Private Wealth LLC grew its stake in Diageo by 17.9% during the fourth quarter. Inlet Private Wealth LLC now owns 2,791 shares of the company’s stock worth $355,000 after buying an additional 424 shares during the period. Independence Bank of Kentucky increased its position in shares of Diageo by 489.3% in the fourth quarter. Independence Bank of Kentucky now owns 4,243 shares of the company’s stock worth $539,000 after acquiring an additional 3,523 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in shares of Diageo in the 4th quarter valued at $47,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Down 1.4 %

Diageo stock opened at $119.93 on Monday. Diageo plc has a 12-month low of $113.99 and a 12-month high of $154.71. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The firm’s fifty day moving average price is $122.93 and its 200 day moving average price is $127.33.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. TD Cowen upped their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Finally, UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $129.00.

About Diageo

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.