Diageo plc (NYSE:DEO) Shares Sold by Town & Country Bank & Trust CO dba First Bankers Trust CO

Town & Country Bank & Trust CO dba First Bankers Trust CO cut its holdings in Diageo plc (NYSE:DEO) by 26.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,142 shares of the company’s stock after selling 777 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Diageo were worth $272,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Marshall Wace LLP lifted its stake in Diageo by 10.5% in the 2nd quarter. Marshall Wace LLP now owns 35,586 shares of the company’s stock worth $4,487,000 after purchasing an additional 3,386 shares in the last quarter. Scientech Research LLC acquired a new position in Diageo during the second quarter worth $450,000. Northwestern Mutual Wealth Management Co. grew its holdings in Diageo by 20.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 22,889 shares of the company’s stock valued at $2,886,000 after buying an additional 3,903 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Diageo by 17.2% in the 2nd quarter. NewEdge Advisors LLC now owns 15,227 shares of the company’s stock worth $1,920,000 after acquiring an additional 2,231 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in shares of Diageo by 19.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 3,261 shares of the company’s stock worth $411,000 after acquiring an additional 524 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of DEO stock opened at $125.63 on Tuesday. Diageo plc has a 52 week low of $113.99 and a 52 week high of $154.71. The firm has a 50 day moving average of $122.62 and a two-hundred day moving average of $127.59. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DEO shares. TD Cowen raised their price objective 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. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Diageo presently has an average rating of “Hold” and a consensus price target 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.