Diageo plc (NYSE:DEO) Shares Sold by Lincoln Capital LLC

Lincoln Capital LLC lessened its position in Diageo plc (NYSE:DEO) by 6.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 55,221 shares of the company’s stock after selling 3,834 shares during the period. Diageo makes up 1.5% of Lincoln Capital LLC’s investment portfolio, making the stock its 18th largest holding. Lincoln Capital LLC’s holdings in Diageo were worth $7,020,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in DEO. Canoe Financial LP lifted its position in Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after purchasing an additional 8,104,301 shares during the period. Bank of Montreal Can raised its stake in shares of Diageo by 1,034.5% during the 2nd quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock worth $104,443,000 after buying an additional 729,166 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of 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 buying an additional 487,904 shares in the last quarter. FMR LLC lifted its holdings 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 buying an additional 437,646 shares during the period. Finally, Raymond James & Associates boosted its stake in shares of Diageo by 52.3% in the third quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock valued at $119,800,000 after buying an additional 293,017 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Price Performance

DEO stock opened at $118.75 on Monday. Diageo plc has a one year low of $113.99 and a one year high of $154.71. The company has a 50 day moving average price of $122.58 and a two-hundred day moving average price of $127.90. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

Analysts Set New Price Targets

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

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.