Cypress Asset Management Inc. TX lowered its stake in shares of Diageo PLC (NYSE:DEO) by 2.6% during the first quarter, Holdings Channel reports. The institutional investor owned 110,100 shares of the company’s stock after selling 2,953 shares during the period. Diageo PLC comprises 2.4% of Cypress Asset Management Inc. TX’s investment portfolio, making the stock its 6th largest position. Cypress Asset Management Inc. TX’s holdings in Diageo PLC were worth $12,725,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Baird Financial Group Inc. raised its position in shares of Diageo PLC by 310.6% in the fourth quarter. Baird Financial Group Inc. now owns 400,300 shares of the company’s stock valued at $41,607,000 after buying an additional 302,807 shares in the last quarter. Janus Capital Management LLC purchased a new position in shares of Diageo PLC during the fourth quarter valued at approximately $28,688,000. Wells Fargo & Company MN raised its position in shares of Diageo PLC by 6.8% in the first quarter. Wells Fargo & Company MN now owns 4,166,694 shares of the company’s stock valued at $481,587,000 after buying an additional 263,838 shares in the last quarter. Thomaspartners Inc. raised its position in shares of Diageo PLC by 9.0% in the first quarter. Thomaspartners Inc. now owns 2,037,358 shares of the company’s stock valued at $235,478,000 after buying an additional 167,976 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new position in shares of Diageo PLC during the first quarter valued at approximately $16,790,000. 12.11% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Diageo PLC (NYSE:DEO)

Shares of Diageo PLC (NYSE DEO) traded up 1.13% during trading on Friday, hitting $121.74. The stock had a trading volume of 338,361 shares. The stock has a 50-day moving average price of $120.46 and a 200 day moving average price of $113.18. The company has a market cap of $76.42 billion, a P/E ratio of 25.45 and a beta of 0.77. Diageo PLC has a 12 month low of $99.46 and a 12 month high of $123.48.

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DEO has been the subject of several recent research reports. Zacks Investment Research raised Diageo PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Goldman Sachs Group, Inc. (The) downgraded Diageo PLC from a “neutral” rating to a “sell” rating in a report on Thursday, March 30th. Citigroup Inc. downgraded Diageo PLC from a “buy” rating to a “neutral” rating in a report on Thursday, May 25th. Jefferies Group LLC set a $120.00 price target on Diageo PLC and gave the company a “buy” rating in a report on Friday, April 21st. Finally, BidaskClub downgraded Diageo PLC from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $125.00.

Diageo PLC Company Profile

Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.

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