ST Germain D J Co. Inc. Sells 1,000 Shares of Diageo plc (NYSE:DEO)

ST Germain D J Co. Inc. lessened its position in Diageo plc (NYSE:DEO) by 77.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 285 shares of the company’s stock after selling 1,000 shares during the period. ST Germain D J Co. Inc.’s holdings in Diageo were worth $36,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DEO. Brooklyn Investment Group bought a new stake in Diageo in the third quarter worth about $25,000. Modus Advisors LLC bought a new stake in shares of Diageo during the 4th quarter worth approximately $35,000. Concord Wealth Partners purchased a new position in Diageo during the 3rd quarter valued at $38,000. Bruce G. Allen Investments LLC grew its position in Diageo by 1,395.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock valued at $42,000 after acquiring an additional 279 shares during the last quarter. Finally, Davis Capital Management purchased a new stake in Diageo in the third quarter worth $55,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DEO. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. TD Cowen upped their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Diageo has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Down 5.7 %

NYSE:DEO opened at $118.30 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. Diageo plc has a 1-year low of $117.72 and a 1-year high of $154.71. The company has a 50-day moving average of $123.10 and a 200 day moving average of $128.25. The firm has a market cap of $65.81 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 3.73 and a beta of 0.67.

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.