Country Club Bank Sells 5,134 Shares of Diageo plc (NYSE:DEO)

Country Club Bank trimmed its holdings in shares of Diageo plc (NYSE:DEO) by 32.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,657 shares of the company’s stock after selling 5,134 shares during the period. Country Club Bank’s holdings in Diageo were worth $1,350,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Brooklyn Investment Group acquired a new position in Diageo during the 3rd quarter worth approximately $25,000. Eastern Bank increased its holdings in shares of Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after acquiring an additional 125 shares in the last quarter. Modus Advisors LLC bought a new stake in shares of Diageo during the fourth quarter valued at approximately $35,000. Concord Wealth Partners acquired a new position in shares of Diageo during the third quarter worth approximately $38,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in shares of Diageo by 1,395.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after purchasing an additional 279 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Price Performance

Shares of NYSE:DEO opened at $111.52 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The stock’s fifty day simple moving average is $122.81 and its two-hundred day simple moving average is $127.13. Diageo plc has a 1-year low of $111.36 and a 1-year high of $154.71.

Analysts Set New Price Targets

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