Diageo plc (NYSE:DEO) Shares Purchased by Lincluden Management Ltd.

Lincluden Management Ltd. lifted its position in Diageo plc (NYSE:DEO) by 14.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 58,070 shares of the company’s stock after acquiring an additional 7,470 shares during the period. Diageo accounts for 0.9% of Lincluden Management Ltd.’s investment portfolio, making the stock its 25th biggest holding. Lincluden Management Ltd.’s holdings in Diageo were worth $8,150,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DEO. Bank of Montreal Can increased its position in shares of Diageo by 1,034.5% in the 2nd quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock valued at $104,443,000 after acquiring an additional 729,166 shares during the period. Hsbc Holdings PLC increased its position in shares of Diageo by 416.0% in the 2nd quarter. Hsbc Holdings PLC now owns 521,920 shares of the company’s stock valued at $65,939,000 after acquiring an additional 420,778 shares during the period. Raymond James & Associates increased its position in shares of Diageo by 52.3% in the 3rd 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 period. Fort Washington Investment Advisors Inc. OH increased its position in shares of Diageo by 12,174.6% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 246,229 shares of the company’s stock valued at $31,045,000 after acquiring an additional 244,223 shares during the period. Finally, Mediolanum International Funds Ltd acquired a new position in shares of Diageo in the 3rd quarter valued at $24,995,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Down 2.8 %

DEO stock opened at $124.22 on Friday. The company’s 50-day simple moving average is $133.90 and its 200-day simple moving average is $133.21. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. Diageo plc has a 52-week low of $119.48 and a 52-week high of $161.64.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DEO shares. The Goldman Sachs Group downgraded Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Finally, Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Diageo presently has a consensus rating of “Hold”.

Diageo Company 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.