Citigroup Inc. Has $10 Million Stake in Diageo plc $DEO

Citigroup Inc. decreased its stake in shares of Diageo plc (NYSE:DEO) by 20.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 104,734 shares of the company’s stock after selling 27,548 shares during the period. Citigroup Inc.’s holdings in Diageo were worth $9,995,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in DEO. Personal CFO Solutions LLC grew its holdings in Diageo by 23.6% during the third quarter. Personal CFO Solutions LLC now owns 4,918 shares of the company’s stock valued at $469,000 after purchasing an additional 938 shares during the last quarter. AMG National Trust Bank boosted its holdings in shares of Diageo by 16.9% during the 3rd quarter. AMG National Trust Bank now owns 23,358 shares of the company’s stock worth $2,229,000 after buying an additional 3,377 shares during the period. Bridgewater Advisors Inc. boosted its holdings in shares of Diageo by 4.9% during the 3rd quarter. Bridgewater Advisors Inc. now owns 2,702 shares of the company’s stock worth $236,000 after buying an additional 125 shares during the period. Berkeley Capital Partners LLC acquired a new position in Diageo in the 3rd quarter valued at $1,290,000. Finally, Factory Mutual Insurance Co. bought a new position in Diageo in the 3rd quarter worth $2,355,000. 8.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DEO has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Diageo in a report on Friday, November 28th. Zacks Research cut Diageo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research note on Wednesday, January 21st. Royal Bank Of Canada raised Diageo from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 6th. Finally, Barclays reiterated an “overweight” rating on shares of Diageo in a report on Thursday, December 11th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $116.50.

Diageo Price Performance

DEO stock opened at $89.51 on Friday. Diageo plc has a twelve month low of $84.52 and a twelve month high of $116.69. 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 business’s 50-day simple moving average is $91.51 and its 200 day simple moving average is $95.50.

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.