Trust Co. of Vermont Lowers Stock Position in Diageo plc (NYSE:DEO)

Trust Co. of Vermont cut its position in shares of Diageo plc (NYSE:DEO - Free Report) by 26.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,999 shares of the company's stock after selling 5,472 shares during the period. Trust Co. of Vermont's holdings in Diageo were worth $1,572,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. 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 buying an additional 3,964 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position 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 acquiring an additional 19,327 shares during the period. Maia Wealth LLC raised its position 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 acquiring an additional 2,593 shares during the period. Aviso Financial Inc. raised its position 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 acquiring an additional 7,954 shares during the period. Finally, Bank of New York Mellon Corp raised its position 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 acquiring an additional 8,656 shares during the period. 8.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Diageo Price Performance

Diageo stock opened at $100.43 on Friday. Diageo plc has a 12-month low of $99.26 and a 12-month high of $142.73. 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 50-day moving average price of $109.00 and a 200 day moving average price of $112.60. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62.

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.

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