Fmr LLC Purchases 437,646 Shares of Diageo plc (NYSE:DEO)

Fmr LLC boosted its position in shares of Diageo plc (NYSE:DEO) by 9.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,242,065 shares of the company’s stock after purchasing an additional 437,646 shares during the period. Fmr LLC owned about 0.94% of Diageo worth $735,671,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Markel Group Inc. increased its holdings in Diageo by 0.5% during the 2nd quarter. Markel Group Inc. now owns 1,366,708 shares of the company’s stock worth $172,315,000 after purchasing an additional 6,300 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Diageo by 13.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company’s stock worth $176,042,000 after purchasing an additional 147,920 shares in the last quarter. Confluence Investment Management LLC increased its holdings in Diageo by 30.5% during the 3rd quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after purchasing an additional 284,046 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Diageo by 7.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,127,576 shares of the company’s stock worth $142,165,000 after purchasing an additional 74,745 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in 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 in the last quarter. Institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Diageo Trading Down 0.1 %

Shares of NYSE DEO opened at $118.65 on Friday. Diageo plc has a fifty-two week low of $117.72 and a fifty-two week high of $154.71. The business has a 50-day moving average of $129.31 and a 200-day moving average of $130.55. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.

About Diageo

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.