Diageo plc $DEO Shares Sold by Grandfield & Dodd LLC

Grandfield & Dodd LLC decreased its holdings in shares of Diageo plc (NYSE:DEO) by 3.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 259,204 shares of the company’s stock after selling 8,462 shares during the quarter. Diageo makes up approximately 1.4% of Grandfield & Dodd LLC’s investment portfolio, making the stock its 23rd largest position. Grandfield & Dodd LLC’s holdings in Diageo were worth $24,736,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC acquired a new stake in Diageo during the 2nd quarter worth approximately $26,000. Arlington Trust Co LLC raised its stake in shares of Diageo by 3,885.7% during the third quarter. Arlington Trust Co LLC now owns 279 shares of the company’s stock worth $27,000 after purchasing an additional 272 shares during the last quarter. Bell Investment Advisors Inc lifted its holdings in shares of Diageo by 94.7% during the second quarter. Bell Investment Advisors Inc now owns 292 shares of the company’s stock worth $29,000 after purchasing an additional 142 shares during the period. New England Capital Financial Advisors LLC purchased a new position in Diageo in the 3rd quarter valued at $29,000. Finally, HHM Wealth Advisors LLC increased its stake in Diageo by 76.5% in the 2nd quarter. HHM Wealth Advisors LLC now owns 330 shares of the company’s stock valued at $33,000 after buying an additional 143 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Price Performance

DEO stock opened at $91.14 on Friday. The firm has a 50 day moving average of $88.98 and a 200-day moving average of $97.27. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64. Diageo plc has a 12-month low of $84.52 and a 12-month high of $125.94.

Analysts Set New Price Targets

DEO has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Diageo in a research note on Friday, November 28th. Bank of America reduced their price objective on shares of Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a research report on Friday, September 26th. UBS Group reissued a “neutral” rating on shares of Diageo in a research note on Wednesday, December 3rd. Barclays reissued an “overweight” rating on shares of Diageo in a report on Thursday, December 11th. Finally, Zacks Research lowered Diageo from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $116.50.

Diageo Company Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.