Rodgers Brothers Inc. lowered its stake in Diageo plc (NYSE:DEO) by 22.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,835 shares of the company’s stock after selling 4,775 shares during the quarter. Rodgers Brothers Inc.’s holdings in Diageo were worth $2,458,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in DEO. Trustcore Financial Services LLC bought a new stake in shares of Diageo in the 4th quarter valued at $107,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new stake in Diageo during the 4th quarter valued at $108,000. Icon Wealth Partners LLC bought a new stake in Diageo during the 4th quarter valued at $151,000. IFG Advisory LLC bought a new stake in Diageo during the 4th quarter valued at $203,000. Finally, Mission Wealth Management LP bought a new stake in Diageo during the 4th quarter valued at $204,000. Institutional investors own 11.87% of the company’s stock.
Shares of Diageo plc (DEO) opened at $135.21 on Wednesday. Diageo plc has a one year low of $112.46 and a one year high of $147.62. The company has a current ratio of 1.31, a quick ratio of 0.63 and a debt-to-equity ratio of 0.69.
A number of analysts have commented on DEO shares. Zacks Investment Research lowered shares of Diageo from a “buy” rating to a “hold” rating in a research note on Friday, January 19th. Royal Bank of Canada lowered shares of Diageo from an “outperform” rating to a “sector perform” rating in a research note on Monday, January 29th. They noted that the move was a valuation call. BNP Paribas lowered shares of Diageo from an “outperform” rating to a “neutral” rating in a research note on Monday, January 29th. Finally, Macquarie upgraded shares of Diageo from an “underperform” rating to a “neutral” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Diageo has an average rating of “Hold” and an average target price of $153.00.
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Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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