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

Country Club Bank reduced its stake in Diageo plc (NYSE:DEO) by 32.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DEO. Brooklyn Investment Group bought a new position in Diageo in the third quarter valued at about $25,000. Eastern Bank increased its stake in shares of Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after buying an additional 125 shares during the period. Modus Advisors LLC bought a new position in Diageo in the 4th quarter valued at approximately $35,000. Concord Wealth Partners acquired a new stake in Diageo during the 3rd quarter worth approximately $38,000. Finally, Bruce G. Allen Investments LLC grew its holdings in Diageo by 1,395.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after acquiring an additional 279 shares during the last quarter. 8.97% of the stock is owned by institutional investors.

Diageo Price Performance

DEO opened at $111.52 on Thursday. Diageo plc has a twelve month low of $111.36 and a twelve month high of $154.71. The company has a fifty day moving average of $122.81 and a 200-day moving average of $127.13. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

Analysts Set New Price Targets

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