Sanibel Captiva Trust Company Inc. Sells 2,641 Shares of Diageo plc (NYSE:DEO)

Sanibel Captiva Trust Company Inc. decreased its holdings in shares of Diageo plc (NYSE:DEO) by 6.7% in the fourth quarter, HoldingsChannel reports. The fund owned 36,625 shares of the company’s stock after selling 2,641 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Diageo were worth $4,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of DEO. Rhumbline Advisers increased its position in Diageo by 3.1% in the second quarter. Rhumbline Advisers now owns 5,822 shares of the company’s stock worth $734,000 after buying an additional 174 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Diageo by 24.7% during the 2nd quarter. American Century Companies Inc. now owns 95,699 shares of the company’s stock valued at $12,066,000 after acquiring an additional 18,974 shares during the period. Dimensional Fund Advisors LP increased its holdings in Diageo by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 899,660 shares of the company’s stock worth $113,429,000 after acquiring an additional 15,363 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Diageo by 21.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 16,222 shares of the company’s stock worth $2,045,000 after acquiring an additional 2,882 shares during the period. Finally, Blair William & Co. IL raised its stake in Diageo by 21.2% during the 2nd quarter. Blair William & Co. IL now owns 49,173 shares of the company’s stock worth $6,200,000 after acquiring an additional 8,610 shares during the period. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Diageo Trading Up 1.2 %

Shares of NYSE DEO opened at $118.75 on Friday. Diageo plc has a 52-week low of $113.99 and a 52-week high of $154.71. The stock has a 50 day moving average price of $122.61 and a 200 day moving average price of $127.93. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

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.