Diageo plc (NYSE:DEO) Stock Holdings Lowered by Addenda Capital Inc.

Addenda Capital Inc. reduced its holdings in Diageo plc (NYSE:DEO) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,031 shares of the company’s stock after selling 153 shares during the quarter. Addenda Capital Inc.’s holdings in Diageo were worth $6,233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Canoe Financial LP lifted its position in shares of Diageo by 88,407.3% in the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after acquiring an additional 8,104,301 shares in the last quarter. FMR LLC lifted its position in shares of Diageo by 9.1% in the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after acquiring an additional 437,646 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Diageo by 13.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company’s stock valued at $176,042,000 after acquiring an additional 147,920 shares in the last quarter. Confluence Investment Management LLC lifted its position 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 acquiring an additional 284,046 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Diageo by 25.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company’s stock worth $156,759,000 after buying an additional 229,946 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DEO. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. TD Cowen increased their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $129.00.

Diageo Price Performance

NYSE:DEO opened at $118.75 on Tuesday. Diageo plc has a 1 year low of $113.99 and a 1 year high of $154.71. The firm’s fifty day simple moving average is $122.58 and its 200 day simple moving average is $127.89. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

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.