Diageo P L C (DEO) Market Valuation Rose While Thomaspartners INC Has Trimmed Stake by $17.83 Million

February 13, 2018 - By Henry Gaston

Thomaspartners Inc decreased its stake in Diageo P L C (DEO) by 6.34% based on its latest 2017Q3 regulatory filing with the SEC. Thomaspartners Inc sold 135,110 shares as the company’s stock rose 5.26% with the market. The institutional investor held 2.00M shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $263.84M, down from 2.13M at the end of the previous reported quarter. Thomaspartners Inc who had been investing in Diageo P L C for a number of months, seems to be less bullish one the $80.68 billion market cap company. The stock increased 0.09% or $0.12 during the last trading session, reaching $136.76. About 284,263 shares traded. Diageo plc (NYSE:DEO) has risen 12.82% since February 13, 2017 and is uptrending. It has underperformed by 3.88% the S&P500.

Thomaspartners Inc, which manages about $4.24B and $12.50 billion US Long portfolio, upped its stake in Omnicom Group Inc (NYSE:OMC) by 434,676 shares to 2.70M shares, valued at $200.22M in 2017Q3, according to the filing. It also increased its holding in Genuine Parts Co (NYSE:GPC) by 101,345 shares in the quarter, for a total of 2.04M shares, and has risen its stake in Ishares Tr (MBB).

More news for Diageo plc (NYSE:DEO) were recently published by: Benzinga.com, which released: “Benzinga’s Top Upgrades, Downgrades For January 29, 2018” on January 29, 2018. Benzinga.com‘s article titled: “A Bullish Setup In Diageo” and published on February 02, 2018 is yet another important article.

Diageo plc (NYSE:DEO) Ratings Coverage

Among 26 analysts covering Diageo (NYSE:DEO), 16 have Buy rating, 3 Sell and 7 Hold. Therefore 62% are positive. Diageo had 42 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, September 16 by Bank of America. Barclays Capital maintained the shares of DEO in report on Friday, July 31 with “Overweight” rating. The rating was upgraded by Bernstein on Friday, July 28 to “Outperform”. UBS upgraded Diageo plc (NYSE:DEO) on Thursday, October 1 to “Buy” rating. Jefferies maintained the stock with “Buy” rating in Friday, September 1 report. Macquarie Research initiated the shares of DEO in report on Monday, November 28 with “Underperform” rating. The company was maintained on Thursday, September 24 by Natixis. As per Thursday, October 29, the company rating was upgraded by Credit Suisse. The firm earned “Buy” rating on Friday, July 31 by Berenberg. Citigroup downgraded Diageo plc (NYSE:DEO) on Thursday, May 25 to “Neutral” rating.

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