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

Sanibel Captiva Trust Company Inc. cut its holdings in Diageo plc (NYSE:DEO - Free Report) by 74.8% during the first quarter, according to the company in its most recent Form 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.

A number of other institutional investors also recently bought and sold shares of DEO. Charles Schwab Investment Management Inc. increased its stake in Diageo by 11.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company's stock valued at $4,795,000 after purchasing an additional 3,964 shares during the last quarter. Maia Wealth LLC grew its stake in shares of Diageo by 24.7% in the fourth quarter. Maia Wealth LLC now owns 13,112 shares of the company's stock valued at $1,648,000 after buying an additional 2,593 shares in the last quarter. Aviso Financial Inc. boosted its holdings in Diageo by 3.4% in the fourth quarter. Aviso Financial Inc. now owns 242,637 shares of the company's stock valued at $30,846,000 after purchasing an additional 7,954 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Diageo by 2.5% in the fourth quarter. Bank of New York Mellon Corp now owns 348,598 shares of the company's stock valued at $44,317,000 after purchasing an additional 8,656 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Diageo by 9.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,220,534 shares of the company's stock valued at $155,167,000 after purchasing an additional 103,540 shares during the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Stock Performance

Shares of NYSE DEO traded down $1.90 during trading hours on Friday, hitting $105.41. 472,498 shares of the company's stock were exchanged, compared to its average volume of 949,695. The company's 50-day moving average price is $110.27 and its 200-day moving average price is $114.04. 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 stock has a market capitalization of $58.64 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 2.39 and a beta of 0.58. Diageo plc has a 1-year low of $100.72 and a 1-year high of $142.73.

Wall Street Analysts Forecast Growth

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

About Diageo

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.