Twelve Points Wealth Management LLC Sells 358 Shares of Diageo plc (NYSE:DEO)

Twelve Points Wealth Management LLC reduced its position in Diageo plc (NYSE:DEO) by 9.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,560 shares of the company’s stock after selling 358 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in Diageo were worth $453,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DEO. Canoe Financial LP boosted its holdings in Diageo by 88,407.3% in the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after purchasing an additional 8,104,301 shares during the period. FMR LLC raised its position in shares of Diageo by 9.1% in the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock worth $735,671,000 after buying an additional 437,646 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Diageo by 13.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company’s stock valued at $176,042,000 after buying an additional 147,920 shares during the period. Confluence Investment Management LLC increased its stake in Diageo by 30.5% in the 3rd quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after acquiring an additional 284,046 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Diageo by 25.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company’s stock valued at $156,759,000 after acquiring an additional 229,946 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Down 2.3 %

Shares of NYSE DEO opened at $120.67 on Thursday. Diageo plc has a one year low of $113.99 and a one year high of $154.71. The firm’s 50 day simple moving average is $122.84 and its two-hundred day simple moving average is $127.50. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

Analysts Set New Price Targets

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

Diageo 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.