Old Port Advisors Has $1.67 Million Stake in Diageo plc (NYSE:DEO)

Old Port Advisors reduced its stake in shares of Diageo plc (NYSE:DEO) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,148 shares of the company’s stock after selling 195 shares during the quarter. Old Port Advisors’ holdings in Diageo were worth $1,671,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of DEO. FMR LLC grew its holdings in Diageo by 9.1% during the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after purchasing an additional 437,646 shares during the period. Markel Group Inc. grew its holdings in shares of Diageo by 0.5% in the 2nd quarter. Markel Group Inc. now owns 1,366,708 shares of the company’s stock valued at $172,315,000 after buying an additional 6,300 shares during the period. Massachusetts Financial Services Co. MA raised its stake 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 buying an additional 147,920 shares during the period. Confluence Investment Management LLC lifted its holdings in Diageo by 30.5% during the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after acquiring an additional 284,046 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Diageo by 7.1% in the second quarter. Envestnet Asset Management Inc. now owns 1,127,576 shares of the company’s stock valued at $142,165,000 after acquiring an additional 74,745 shares during the period. 8.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Diageo Stock Down 0.9 %

Shares of DEO traded down $1.13 during mid-day trading on Thursday, hitting $126.00. 230,233 shares of the company’s stock were exchanged, compared to its average volume of 815,197. 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 $117.72 and a 52 week high of $154.71. The company has a market cap of $70.09 billion, a PE ratio of 18.26, a P/E/G ratio of 3.59 and a beta of 0.69. The company has a 50-day simple moving average of $123.91 and a 200 day simple moving average of $128.58.

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.