CIBC Asset Management Inc lifted its holdings in Diageo plc (NYSE:DEO - Free Report) by 106.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,643 shares of the company's stock after buying an additional 16,300 shares during the period. CIBC Asset Management Inc's holdings in Diageo were worth $4,441,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Triad Wealth Partners LLC acquired a new stake in Diageo during the second quarter worth about $25,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Diageo during the 2nd quarter worth approximately $25,000. Beacon Capital Management LLC lifted its holdings in Diageo by 777.3% in the first quarter. Beacon Capital Management LLC now owns 193 shares of the company's stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. Concord Wealth Partners acquired a new position in Diageo in the third quarter valued at approximately $38,000. Finally, Bruce G. Allen Investments LLC grew its position in Diageo by 1,395.0% in the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company's stock worth $42,000 after acquiring an additional 279 shares during the period. 8.97% of the stock is currently owned by institutional investors and hedge funds.
Diageo Stock Up 0.3 %
NYSE:DEO traded up $0.30 during mid-day trading on Tuesday, reaching $119.22. 901,519 shares of the stock were exchanged, compared to its average volume of 759,138. Diageo plc has a 1 year low of $117.84 and a 1 year high of $154.71. The company has a 50 day simple moving average of $131.38 and a 200-day simple moving average of $131.59. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.
Analyst Upgrades and Downgrades
A number of research analysts have commented on DEO shares. Bank of America raised shares of Diageo from a "neutral" rating to a "buy" rating in a research report on Thursday, September 12th. Royal Bank of Canada raised Diageo from an "underperform" rating to a "sector perform" rating in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Diageo presently has an average rating of "Hold".
Get Our Latest Stock Analysis on Diageo
About Diageo
(
Free Report)
Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.
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