Three Bridge Wealth Advisors LLC Sells 136 Shares of Diageo plc (NYSE:DEO)

Three Bridge Wealth Advisors LLC reduced its stake in Diageo plc (NYSE:DEO) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,247 shares of the company’s stock after selling 136 shares during the period. Three Bridge Wealth Advisors LLC’s holdings in Diageo were worth $667,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DEO. Global Retirement Partners LLC lifted its position in Diageo by 1.1% during the third quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock valued at $1,143,000 after buying an additional 85 shares during the period. Alliance Wealth Advisors LLC UT increased its stake in shares of Diageo by 2.6% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock worth $430,000 after acquiring an additional 86 shares in the last quarter. Savant Capital LLC lifted its position in Diageo by 5.0% during the 4th quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock valued at $237,000 after acquiring an additional 88 shares during the period. Diversified Trust Co boosted its stake in Diageo by 5.6% during the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock worth $236,000 after acquiring an additional 98 shares in the last quarter. Finally, Malaga Cove Capital LLC grew its holdings in Diageo by 3.4% in the third quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock worth $421,000 after purchasing an additional 100 shares during the period. 8.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DEO shares. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, TD Cowen increased their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Performance

Shares of NYSE DEO opened at $106.34 on Thursday. The firm’s 50 day moving average price is $121.91 and its 200-day moving average price is $126.42. Diageo plc has a 52-week low of $105.72 and a 52-week high of $154.71. The company has a current ratio of 1.60, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

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.