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

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

A number of other large investors have also bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of Diageo during the 4th quarter worth $202,000. Nuveen LLC purchased a new stake in Diageo during the first quarter valued at about $1,060,000. Russell Investments Group Ltd. boosted its position in Diageo by 11.0% during the first quarter. Russell Investments Group Ltd. now owns 3,378 shares of the company’s stock worth $354,000 after purchasing an additional 336 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Diageo by 1,544.5% in the first quarter. BNP Paribas Financial Markets now owns 396,676 shares of the company’s stock worth $41,568,000 after purchasing an additional 372,555 shares in the last quarter. Finally, Vident Advisory LLC increased its stake in shares of Diageo by 39.9% in the first quarter. Vident Advisory LLC now owns 4,210 shares of the company’s stock worth $441,000 after purchasing an additional 1,200 shares in the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Diageo Trading Down 0.2%

Shares of DEO stock opened at $86.16 on Tuesday. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64. Diageo plc has a 52-week low of $85.11 and a 52-week high of $127.33. The business’s fifty day moving average is $91.04 and its 200 day moving average is $98.93.

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.