Pacifica Partners Inc. Reduces Stake in Diageo plc (NYSE:DEO)

Pacifica Partners Inc. cut its stake in shares of Diageo plc (NYSE:DEO) by 33.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 203 shares of the company’s stock after selling 100 shares during the period. Pacifica Partners Inc.’s holdings in Diageo were worth $26,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Eastern Bank raised its holdings in Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after buying an additional 125 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Diageo by 0.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 118,712 shares of the company’s stock valued at $16,660,000 after acquiring an additional 346 shares during the period. First Hawaiian Bank lifted its holdings in shares of Diageo by 24.6% in the 4th quarter. First Hawaiian Bank now owns 5,407 shares of the company’s stock worth $687,000 after acquiring an additional 1,069 shares during the last quarter. Diversified Trust Co boosted its stake in shares of Diageo by 5.6% during the 4th quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock worth $236,000 after purchasing an additional 98 shares during the period. Finally, Canandaigua National Trust Co of Florida bought a new position in Diageo during the 4th quarter valued at about $269,000. 8.97% of the stock is owned by institutional investors.

Diageo Trading Down 1.9 %

DEO opened at $114.50 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The stock’s fifty day moving average is $122.77 and its two-hundred day moving average is $128.09. The company has a market capitalization of $63.69 billion, a P/E ratio of 15.49, a PEG ratio of 3.73 and a beta of 0.67. Diageo plc has a 52 week low of $113.99 and a 52 week high of $154.71.

Wall Street Analysts Forecast Growth

DEO has been the topic of a number of analyst reports. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Finally, TD Cowen upped their price target on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $129.00.

Diageo Company Profile

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