Dakota Wealth Management Sells 1,046 Shares of Diageo plc (NYSE:DEO)

Dakota Wealth Management lessened its position in Diageo plc (NYSE:DEO) by 3.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 29,695 shares of the company’s stock after selling 1,046 shares during the period. Dakota Wealth Management’s holdings in Diageo were worth $3,775,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new position in Diageo in the 3rd quarter worth approximately $25,000. Eastern Bank raised its stake in shares of Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares during the last quarter. Concord Wealth Partners bought a new position in shares of Diageo during the third quarter valued at $38,000. Modus Advisors LLC purchased a new stake in shares of Diageo during the fourth quarter valued at $35,000. Finally, Bruce G. Allen Investments LLC increased its holdings in 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 buying an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Trading Down 1.7 %

DEO opened at $117.64 on Thursday. Diageo plc has a 12-month low of $113.99 and a 12-month high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. The company’s 50 day moving average is $122.54 and its 200 day moving average is $127.76.

Analysts Set New Price Targets

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