Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 705 Shares of Diageo plc (NYSE:DEO)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its stake in Diageo plc (NYSE:DEO) by 36.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,208 shares of the company’s stock after selling 705 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Diageo were worth $152,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Citigroup Inc. raised its position in Diageo by 4.4% in the 3rd quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock valued at $22,234,000 after buying an additional 6,617 shares during the last quarter. Canoe Financial LP raised its holdings in shares of Diageo by 88,407.3% in the fourth 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 last quarter. BNP Paribas Financial Markets lifted its position in shares of Diageo by 32.8% during the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after purchasing an additional 16,285 shares in the last quarter. FMR LLC boosted its holdings in Diageo by 9.1% during the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock worth $735,671,000 after purchasing an additional 437,646 shares during the last quarter. Finally, Premier Path Wealth Partners LLC purchased a new position in Diageo during the fourth quarter worth about $1,308,000. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

DEO opened at $110.36 on Monday. Diageo plc has a twelve month low of $110.18 and a twelve month high of $154.71. The company’s 50-day moving average price is $122.35 and its two-hundred day moving average price is $126.77. The company has a current ratio of 1.60, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen boosted their price objective on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research 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 given a buy rating to the company’s stock. Based on data from MarketBeat, Diageo currently has a consensus rating of “Hold” and a consensus 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.