Sanibel Captiva Trust Company Inc. Sells 27,404 Shares of Diageo plc (NYSE:DEO)

Sanibel Captiva Trust Company Inc. decreased its stake in shares of Diageo plc (NYSE:DEO) by 74.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,221 shares of the company’s stock after selling 27,404 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Diageo were worth $966,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CoreFirst Bank & Trust bought a new stake in Diageo during the 4th quarter valued at about $25,000. Orion Capital Management LLC purchased a new position in Diageo during the 4th quarter valued at about $25,000. Perkins Coie Trust Co purchased a new position in Diageo during the 1st quarter valued at about $27,000. BNP Paribas purchased a new position in Diageo during the 4th quarter valued at about $32,000. Finally, Measured Risk Portfolios Inc. purchased a new position in Diageo during the 4th quarter valued at about $32,000. Institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

DEO has been the topic of a number of research reports. Morgan Stanley reissued an “underweight” rating on shares of Diageo in a research report on Monday, May 12th. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, Berenberg Bank initiated coverage on shares of Diageo in a research report on Wednesday, April 2nd. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Diageo presently has a consensus rating of “Hold” and a consensus target price of $129.00.

Diageo Stock Down 0.8%

NYSE:DEO opened at $106.83 on Thursday. The company has a market cap of $59.43 billion, a PE ratio of 15.60, a P/E/G ratio of 2.39 and a beta of 0.58. Diageo plc has a twelve month low of $100.72 and a twelve month high of $142.73. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The company’s 50 day moving average is $110.16 and its two-hundred day moving average is $114.13.

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.