Optimist Retirement Group LLC Sells 8,362 Shares of Diageo plc (NYSE:DEO)

Optimist Retirement Group LLC reduced its position in Diageo plc (NYSE:DEO) by 50.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,319 shares of the company’s stock after selling 8,362 shares during the quarter. Optimist Retirement Group LLC’s holdings in Diageo were worth $1,058,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Citigroup Inc. lifted its holdings in Diageo by 4.4% in the third quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock valued at $22,234,000 after buying an additional 6,617 shares during the period. Canoe Financial LP raised its position in shares of Diageo by 88,407.3% in the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after acquiring an additional 8,104,301 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Diageo by 32.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after purchasing an additional 16,285 shares during the period. FMR LLC boosted its position in shares of Diageo by 9.1% during the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after purchasing an additional 437,646 shares in the last quarter. Finally, Premier Path Wealth Partners LLC acquired a new stake in Diageo during the fourth quarter worth approximately $1,308,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Trading Down 3.8 %

Shares of NYSE:DEO opened at $111.52 on Thursday. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. Diageo plc has a 52-week low of $111.36 and a 52-week high of $154.71. The business’s 50 day simple moving average is $122.81 and its two-hundred day simple moving average is $127.13.

Analyst Upgrades and Downgrades

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

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.