As Diageo P L C (DEO) Valuation Declined, Goelzer Investment Management INC Decreased Stake

May 23, 2018 - By Stephen Andrade

Diageo plc (NYSE:DEO) Logo

Goelzer Investment Management Inc decreased its stake in Diageo P L C (DEO) by 94.27% based on its latest 2017Q4 regulatory filing with the SEC. Goelzer Investment Management Inc sold 32,011 shares as the company’s stock declined 7.16% with the market. The institutional investor held 1,945 shares of the beverages (production and distribution) company at the end of 2017Q4, valued at $284,000, down from 33,956 at the end of the previous reported quarter. Goelzer Investment Management Inc who had been investing in Diageo P L C for a number of months, seems to be less bullish one the $88.74B market cap company. The stock decreased 0.92% or $1.34 during the last trading session, reaching $144.78. About 355,367 shares traded. Diageo plc (NYSE:DEO) has risen 14.00% since May 23, 2017 and is uptrending. It has outperformed by 2.45% the S&P500.

Goelzer Investment Management Inc, which manages about $1.05B and $889.59M US Long portfolio, upped its stake in Simon Ppty Group Inc New (NYSE:SPG) by 17,573 shares to 44,797 shares, valued at $7.69M in 2017Q4, according to the filing.

Diageo plc (NYSE:DEO) Ratings Coverage

Among 2 analysts covering Diageo Plc (NYSE:DEO), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Diageo Plc had 2 analyst reports since January 11, 2018 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Thursday, January 11. RBC Capital Markets downgraded the shares of DEO in report on Monday, January 29 to “Sector Perform” rating.

Diageo plc (NYSE:DEO) Ratings Chart

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