Diageo plc (NYSE:DEO) Shares Sold by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC lowered its position in Diageo plc (NYSE:DEO) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,177 shares of the company’s stock after selling 988 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Diageo were worth $1,628,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in DEO. Fox Run Management L.L.C. acquired a new stake in Diageo in the 3rd quarter valued at $263,000. Cerity Partners LLC raised its position in Diageo by 6.1% in the fourth quarter. Cerity Partners LLC now owns 41,808 shares of the company’s stock valued at $6,090,000 after purchasing an additional 2,400 shares during the period. Retirement Planning Co of New England Inc. increased its holdings in Diageo by 51.0% in the 3rd quarter. Retirement Planning Co of New England Inc. now owns 8,723 shares of the company’s stock valued at $1,301,000 after purchasing an additional 2,946 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Diageo by 8.2% in the third quarter. Wellington Management Group LLP now owns 432,223 shares of the company’s stock valued at $64,479,000 after buying an additional 32,928 shares in the last quarter. Finally, Rockline Wealth Management LLC purchased a new stake in Diageo during the fourth quarter worth about $1,142,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, BNP Paribas cut Diageo from a “neutral” rating to an “underperform” rating in a research note on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, Diageo has a consensus rating of “Hold” and a consensus price target of $3,797.50.

Diageo Stock Up 1.4 %

NYSE:DEO traded up $1.92 on Wednesday, hitting $140.96. 729,576 shares of the stock were exchanged, compared to its average volume of 791,218. Diageo plc has a fifty-two week low of $135.63 and a fifty-two week high of $186.37. The stock has a fifty day moving average of $144.39 and a 200-day moving average of $145.31. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.