Generate Investment Management Ltd Buys New Position in Diageo plc (NYSE:DEO)

Generate Investment Management Ltd acquired a new stake in Diageo plc (NYSE:DEO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 87,754 shares of the company's stock, valued at approximately $11,156,000.

Several other hedge funds have also modified their holdings of DEO. Canoe Financial LP raised its holdings in Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock worth $1,031,465,000 after purchasing an additional 8,104,301 shares during the period. Natixis Advisors LLC increased its position in shares of Diageo by 105.7% during the 3rd quarter. Natixis Advisors LLC now owns 949,411 shares of the company's stock worth $133,240,000 after purchasing an additional 487,904 shares during the last quarter. FMR LLC raised its stake in shares of Diageo by 9.1% during the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company's stock worth $735,671,000 after purchasing an additional 437,646 shares in the last quarter. Raymond James & Associates lifted its stake in Diageo by 52.3% in the third quarter. Raymond James & Associates now owns 853,640 shares of the company's stock valued at $119,800,000 after acquiring an additional 293,017 shares during the last quarter. Finally, Confluence Investment Management LLC raised its holdings in shares of Diageo by 30.5% in the 3rd quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company's stock valued at $170,623,000 after purchasing an additional 284,046 shares during the period. 8.97% of the stock is owned by institutional investors.

Diageo Price Performance

NYSE:DEO traded down $0.41 during mid-day trading on Tuesday, reaching $108.05. 647,582 shares of the company's stock were exchanged, compared to its average volume of 1,112,156. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.55. The business's fifty day simple moving average is $122.13 and its two-hundred day simple moving average is $126.59. Diageo plc has a one year low of $107.24 and a one year high of $154.71.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DEO shares. UBS Group upgraded Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. TD Cowen raised their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded shares of Diageo from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $129.00.

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.