Fisher Asset Management LLC Trims Stock Position in Diageo plc (NYSE:DEO)

Fisher Asset Management LLC cut its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 224,589 shares of the company's stock after selling 6,726 shares during the quarter. Fisher Asset Management LLC's holdings in Diageo were worth $31,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of DEO. Bank of Montreal Can lifted its position in Diageo by 1,034.5% during the second quarter. Bank of Montreal Can now owns 799,652 shares of the company's stock valued at $104,443,000 after purchasing an additional 729,166 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of Diageo by 105.7% during the third quarter. Natixis Advisors LLC now owns 949,411 shares of the company's stock worth $133,240,000 after acquiring an additional 487,904 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Diageo by 416.0% during the second quarter. Hsbc Holdings PLC now owns 521,920 shares of the company's stock worth $65,939,000 after acquiring an additional 420,778 shares in the last quarter. Raymond James & Associates raised its stake in shares of Diageo by 52.3% during the third quarter. Raymond James & Associates now owns 853,640 shares of the company's stock worth $119,800,000 after acquiring an additional 293,017 shares in the last quarter. Finally, Confluence Investment Management LLC raised its stake in shares of Diageo by 30.5% during the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company's stock worth $170,623,000 after acquiring an additional 284,046 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors.

Diageo Price Performance

Shares of NYSE DEO opened at $118.72 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. Diageo plc has a 52 week low of $117.72 and a 52 week high of $154.71. The firm's fifty day moving average is $129.94 and its 200 day moving average is $130.72.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Bank of America raised shares of Diageo from a "neutral" rating to a "buy" rating in a research note on Thursday, September 12th. Royal Bank of Canada raised shares of Diageo from an "underperform" rating to a "sector perform" rating in a research note 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Diageo Profile

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.