Diageo plc (NYSE:DEO) Shares Sold by West Coast Financial LLC

West Coast Financial LLC decreased its holdings in Diageo plc (NYSE:DEO) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,050 shares of the company’s stock after selling 1,614 shares during the quarter. West Coast Financial LLC’s holdings in Diageo were worth $1,023,000 as of its most recent SEC filing.

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

Diageo Price Performance

NYSE:DEO opened at $115.76 on Thursday. The company has a 50-day moving average of $122.77 and a 200-day moving average of $128.09. Diageo plc has a 52 week low of $113.99 and a 52 week high of $154.71. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a report 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 raised their target price on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average 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.