Crestwood Advisors Group LLC Sells 12,659 Shares of Diageo plc $DEO

Crestwood Advisors Group LLC decreased its holdings in shares of Diageo plc (NYSE:DEO) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 259,838 shares of the company’s stock after selling 12,659 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Diageo were worth $24,796,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC bought a new position in Diageo during the fourth quarter valued at about $202,000. CWM LLC raised its stake in shares of Diageo by 6.9% in the 2nd quarter. CWM LLC now owns 3,099 shares of the company’s stock valued at $312,000 after acquiring an additional 199 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in Diageo by 8.4% in the 2nd quarter. Yousif Capital Management LLC now owns 6,808 shares of the company’s stock worth $687,000 after purchasing an additional 530 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Diageo by 8.1% during the second quarter. Sequoia Financial Advisors LLC now owns 2,588 shares of the company’s stock worth $261,000 after purchasing an additional 195 shares during the period. Finally, Townsend & Associates Inc grew its holdings in Diageo by 2.3% during the second quarter. Townsend & Associates Inc now owns 143,165 shares of the company’s stock valued at $15,326,000 after purchasing an additional 3,262 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DEO. UBS Group restated a “neutral” rating on shares of Diageo in a research note on Wednesday, December 3rd. Sanford C. Bernstein set a $124.00 price target on shares of Diageo and gave the company an “outperform” rating in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Diageo in a research report on Friday, November 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada raised Diageo from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 6th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Diageo currently has a consensus rating of “Hold” and a consensus target price of $116.50.

Diageo Stock Performance

NYSE DEO opened at $99.19 on Tuesday. Diageo plc has a twelve month low of $84.52 and a twelve month high of $116.69. The firm has a 50-day simple moving average of $90.37 and a 200 day simple moving average of $96.13. 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 Company Profile

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.