Bartlett & CO. Wealth Management LLC Has $2.45 Million Holdings in Diageo plc (NYSE:DEO)

Bartlett & CO. Wealth Management LLC lessened its stake in Diageo plc (NYSE:DEO - Free Report) by 38.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,949 shares of the company's stock after selling 14,375 shares during the quarter. Bartlett & CO. Wealth Management LLC's holdings in Diageo were worth $2,452,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in Diageo by 11.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company's stock worth $4,795,000 after purchasing an additional 3,964 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Diageo by 16.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 138,252 shares of the company's stock worth $14,488,000 after purchasing an additional 19,327 shares during the last quarter. Maia Wealth LLC boosted its holdings in Diageo by 24.7% during the fourth quarter. Maia Wealth LLC now owns 13,112 shares of the company's stock worth $1,648,000 after purchasing an additional 2,593 shares during the last quarter. Aviso Financial Inc. boosted its holdings in Diageo by 3.4% during the fourth quarter. Aviso Financial Inc. now owns 242,637 shares of the company's stock worth $30,846,000 after purchasing an additional 7,954 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Diageo by 2.5% during the fourth quarter. Bank of New York Mellon Corp now owns 348,598 shares of the company's stock worth $44,317,000 after purchasing an additional 8,656 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Morgan Stanley restated an "underweight" rating on shares of Diageo in a report on Monday, May 12th. Finally, Berenberg Bank assumed coverage on shares of Diageo in a report on Wednesday, April 2nd. They set a "buy" rating for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Diageo currently has a consensus rating of "Hold" and an average price target of $129.00.

Diageo Stock Performance

Shares of DEO stock opened at $100.43 on Friday. The stock has a market cap of $55.87 billion, a P/E ratio of 14.66 and a beta of 0.58. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The company has a fifty day moving average price of $109.00 and a two-hundred day moving average price of $112.60. Diageo plc has a one year low of $99.26 and a one year high of $142.73.

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.

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