Nelson Roberts Investment Advisors LLC Has $4.93 Million Stake in Diageo plc (DEO)

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Nelson Roberts Investment Advisors LLC trimmed its position in Diageo plc (NYSE:DEO) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,791 shares of the company’s stock after selling 878 shares during the quarter. Diageo comprises approximately 1.4% of Nelson Roberts Investment Advisors LLC’s holdings, making the stock its 29th largest position. Nelson Roberts Investment Advisors LLC’s holdings in Diageo were worth $4,933,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of DEO. The Manufacturers Life Insurance Company raised its stake in Diageo by 1.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,071,051 shares of the company’s stock valued at $151,736,000 after purchasing an additional 20,335 shares during the last quarter. Deutsche Bank AG raised its stake in Diageo by 12.9% during the 3rd quarter. Deutsche Bank AG now owns 907,480 shares of the company’s stock valued at $128,560,000 after purchasing an additional 103,997 shares during the last quarter. Renaissance Technologies LLC raised its stake in Diageo by 11.9% during the 3rd quarter. Renaissance Technologies LLC now owns 786,300 shares of the company’s stock valued at $111,395,000 after purchasing an additional 83,800 shares during the last quarter. Capital Bank & Trust Co raised its stake in Diageo by 2.1% during the 3rd quarter. Capital Bank & Trust Co now owns 483,024 shares of the company’s stock valued at $68,430,000 after purchasing an additional 9,944 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its stake in Diageo by 42.3% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 428,811 shares of the company’s stock valued at $60,750,000 after purchasing an additional 127,547 shares during the last quarter. Institutional investors and hedge funds own 11.34% of the company’s stock.

Several equities analysts recently commented on the stock. Sanford C. Bernstein cut shares of Diageo from a “market perform” rating to an “underperform” rating in a research note on Friday, January 4th. Zacks Investment Research upgraded shares of Diageo from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. Finally, Macquarie restated a “buy” rating on shares of Diageo in a research note on Sunday, December 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $158.75.

Shares of DEO stock opened at $144.58 on Thursday. Diageo plc has a 52-week low of $131.22 and a 52-week high of $151.30. The firm has a market capitalization of $88.11 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 2.66 and a beta of 0.56. The company has a quick ratio of 0.58, a current ratio of 1.37 and a debt-to-equity ratio of 0.71.

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Diageo Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

Further Reading: Are all No-Load Funds Equal?

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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