Fulton Breakefield Broenniman LLC Decreases Holdings in Diageo plc (NYSE:DEO)

Fulton Breakefield Broenniman LLC reduced its holdings in shares of Diageo plc (NYSE:DEO - Free Report) by 21.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,009 shares of the company's stock after selling 13,596 shares during the quarter. Fulton Breakefield Broenniman LLC's holdings in Diageo were worth $6,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Diageo by 1.5% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 7,218 shares of the company's stock worth $918,000 after acquiring an additional 105 shares during the period. Stonegate Investment Group LLC grew its position in Diageo by 6.9% in the 4th quarter. Stonegate Investment Group LLC now owns 3,868 shares of the company's stock worth $492,000 after purchasing an additional 250 shares during the period. Perigon Wealth Management LLC raised its stake in Diageo by 22.3% during the 4th quarter. Perigon Wealth Management LLC now owns 2,218 shares of the company's stock valued at $260,000 after buying an additional 405 shares during the last quarter. Buttonwood Financial Advisors Inc. lifted its holdings in shares of Diageo by 2.5% during the 4th quarter. Buttonwood Financial Advisors Inc. now owns 7,460 shares of the company's stock valued at $948,000 after buying an additional 185 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Diageo in the 4th quarter worth $285,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Price Performance

NYSE DEO traded down $2.46 on Wednesday, reaching $121.08. The company had a trading volume of 459,827 shares, compared to its average volume of 1,094,158. The firm's 50 day moving average price is $122.84 and its 200 day moving average price is $127.50. Diageo plc has a 12 month low of $113.99 and a 12 month high of $154.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.

Analyst Upgrades and Downgrades

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