Carnegie Investment Counsel Sells 39,104 Shares of Diageo plc $DEO

Carnegie Investment Counsel cut its stake in shares of Diageo plc (NYSE:DEO) by 94.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,306 shares of the company’s stock after selling 39,104 shares during the quarter. Carnegie Investment Counsel’s holdings in Diageo were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Osaic Holdings Inc. grew its position in Diageo by 42.2% in the second quarter. Osaic Holdings Inc. now owns 99,998 shares of the company’s stock worth $10,099,000 after acquiring an additional 29,674 shares in the last quarter. Savant Capital LLC purchased a new stake in Diageo during the second quarter valued at about $310,000. Philip James Wealth Mangement LLC lifted its stake in Diageo by 81.8% during the second quarter. Philip James Wealth Mangement LLC now owns 33,107 shares of the company’s stock worth $3,338,000 after purchasing an additional 14,895 shares during the last quarter. Martin Capital Partners LLC boosted its holdings in shares of Diageo by 225.8% in the 2nd quarter. Martin Capital Partners LLC now owns 32,525 shares of the company’s stock worth $3,280,000 after purchasing an additional 22,542 shares in the last quarter. Finally, Confluence Investment Management LLC increased its position in shares of Diageo by 0.9% during the 3rd quarter. Confluence Investment Management LLC now owns 1,363,504 shares of the company’s stock valued at $130,119,000 after purchasing an additional 12,678 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Diageo in a research report on Friday, November 28th. UBS Group restated a “neutral” rating on shares of Diageo in a report on Wednesday, December 3rd. Zacks Research lowered shares of Diageo from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Sanford C. Bernstein set a $124.00 target price on shares of Diageo and gave the stock an “outperform” rating in a research report on Monday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $120.67.

Diageo Trading Down 0.2%

Shares of DEO opened at $86.16 on Tuesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.63 and a quick ratio of 0.64. The firm has a fifty day simple moving average of $91.04 and a two-hundred day simple moving average of $98.93. Diageo plc has a twelve month low of $85.11 and a twelve month high of $127.33.

About Diageo

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.