National Bank of Canada FI Buys 125,914 Shares of Diageo plc (NYSE:DEO)

National Bank of Canada FI lifted its stake in shares of Diageo plc (NYSE:DEO) by 76.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 290,162 shares of the company’s stock after purchasing an additional 125,914 shares during the quarter. National Bank of Canada FI’s holdings in Diageo were worth $41,481,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DEO. Scarborough Advisors LLC acquired a new position in Diageo in the 4th quarter worth about $25,000. Planned Solutions Inc. acquired a new stake in shares of Diageo in the fourth quarter valued at about $27,000. Concord Wealth Partners bought a new position in shares of Diageo during the first quarter worth about $29,000. Addison Advisors LLC lifted its stake in shares of Diageo by 97.3% in the fourth quarter. Addison Advisors LLC now owns 217 shares of the company’s stock worth $32,000 after acquiring an additional 107 shares during the period. Finally, Criterion Capital Advisors LLC bought a new stake in Diageo in the fourth quarter valued at approximately $36,000. 8.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DEO. The Goldman Sachs Group lowered shares of Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Citigroup upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $3,730.00.

Diageo Price Performance

Shares of NYSE:DEO traded up $1.23 during mid-day trading on Wednesday, hitting $129.70. The company had a trading volume of 1,036,661 shares, compared to its average volume of 734,731. Diageo plc has a one year low of $124.80 and a one year high of $178.89. The firm has a fifty day moving average price of $132.20 and a 200 day moving average price of $140.30. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.