Northwest Quadrant Wealth Management LLC decreased its stake in shares of Diageo PLC (NYSE:DEO) by 8.1% during the first quarter, Holdings Channel reports. The institutional investor owned 3,447 shares of the company’s stock after selling 302 shares during the period. Northwest Quadrant Wealth Management LLC’s holdings in Diageo PLC were worth $413,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DEO. Baird Financial Group Inc. increased its stake in 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 bought a new stake in Diageo PLC during the fourth quarter valued at approximately $28,688,000. Wells Fargo & Company MN increased its stake in 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. increased its stake in 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 bought a new stake in Diageo PLC during the first quarter valued at approximately $16,790,000. 12.11% of the stock is owned by hedge funds and other institutional investors.

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

Diageo PLC (DEO) traded up 1.13% during midday trading on Friday, hitting $121.74. The company had a trading volume of 338,361 shares. The company’s 50 day moving average is $120.46 and its 200 day moving average is $113.18. The stock has a market cap of $76.42 billion, a price-to-earnings 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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Several research firms have issued reports on DEO. Citigroup Inc. cut Diageo PLC from a “buy” rating to a “neutral” rating in a research report on Thursday, May 25th. BidaskClub cut Diageo PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Jefferies Group LLC set a $120.00 target price on Diageo PLC and gave the stock a “buy” rating in a research report on Saturday, March 18th. Zacks Investment Research upgraded Diageo PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Finally, Goldman Sachs Group, Inc. (The) cut Diageo PLC from a “neutral” rating to a “sell” rating in a research report on Thursday, March 30th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Diageo PLC 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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