Diageo plc (NYSE:DEO) Shares Bought by Canoe Financial LP

Canoe Financial LP boosted its stake in shares of Diageo plc (NYSE:DEO) by 88,407.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,113,468 shares of the company’s stock after acquiring an additional 8,104,301 shares during the period. Diageo comprises 15.0% of Canoe Financial LP’s investment portfolio, making the stock its largest position. Canoe Financial LP’s holdings in Diageo were worth $1,031,465,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Brooklyn Investment Group boosted its position in shares of Diageo by 116.9% during the 4th quarter. Brooklyn Investment Group now owns 384 shares of the company’s stock worth $49,000 after acquiring an additional 207 shares in the last quarter. Merit Financial Group LLC boosted its holdings in shares of Diageo by 6.2% in the 4th quarter. Merit Financial Group LLC now owns 2,000 shares of the company’s stock valued at $254,000 after purchasing an additional 116 shares in the last quarter. Salvus Wealth Management LLC lifted its position in shares of Diageo by 86.2% during the 4th quarter. Salvus Wealth Management LLC now owns 7,076 shares of the company’s stock worth $900,000 after buying an additional 3,275 shares during the last quarter. Cohen Investment Advisors LLC boosted its stake in Diageo by 3.3% in the fourth quarter. Cohen Investment Advisors LLC now owns 3,809 shares of the company’s stock valued at $484,000 after buying an additional 120 shares in the last quarter. Finally, Essex Savings Bank raised its stake in Diageo by 8.9% during the fourth quarter. Essex Savings Bank now owns 2,609 shares of the company’s stock worth $332,000 after acquiring an additional 213 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Diageo Stock Performance

DEO stock opened at $118.75 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. Diageo plc has a 52-week low of $113.99 and a 52-week high of $154.71. The company has a fifty day moving average price of $122.61 and a 200-day moving average price of $127.93.

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.