Arlington Partners LLC Sells 27,776 Shares of Diageo plc (NYSE:DEO)

Arlington Partners LLC trimmed its holdings in shares of Diageo plc (NYSE:DEO) by 89.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,356 shares of the company’s stock after selling 27,776 shares during the quarter. Arlington Partners LLC’s holdings in Diageo were worth $427,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in Diageo during the 3rd quarter worth approximately $25,000. Eastern Bank grew its holdings in Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares during the last quarter. Modus Advisors LLC bought a new stake in Diageo during the 4th quarter worth approximately $35,000. Concord Wealth Partners bought a new stake in Diageo during the 3rd quarter worth approximately $38,000. Finally, Heck Capital Advisors LLC bought a new stake in Diageo during the 4th quarter worth approximately $47,000. 8.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Diageo Price Performance

NYSE:DEO opened at $110.36 on Monday. The firm’s fifty day moving average is $122.35 and its 200-day moving average is $126.77. The company has a quick ratio of 0.55, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. Diageo plc has a 52 week low of $110.18 and a 52 week high of $154.71.

Diageo Company 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.