Manitou Investment Management Ltd. increased its stake in shares of Diageo plc (NYSE:DEO) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,410 shares of the company’s stock after purchasing an additional 330 shares during the quarter. Diageo comprises about 1.6% of Manitou Investment Management Ltd.’s portfolio, making the stock its 19th biggest position. Manitou Investment Management Ltd.’s holdings in Diageo were worth $6,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Gamble Jones Investment Counsel boosted its holdings in Diageo by 2.6% in the 3rd quarter. Gamble Jones Investment Counsel now owns 20,068 shares of the company’s stock valued at $3,281,000 after purchasing an additional 512 shares during the period. America First Investment Advisors LLC boosted its holdings in Diageo by 0.5% in the 3rd quarter. America First Investment Advisors LLC now owns 93,627 shares of the company’s stock valued at $15,310,000 after purchasing an additional 469 shares during the period. First Trust Advisors LP boosted its holdings in Diageo by 29.1% in the 3rd quarter. First Trust Advisors LP now owns 252,774 shares of the company’s stock valued at $41,334,000 after purchasing an additional 57,040 shares during the period. Parallel Advisors LLC boosted its holdings in Diageo by 10.1% in the 3rd quarter. Parallel Advisors LLC now owns 3,690 shares of the company’s stock valued at $603,000 after purchasing an additional 337 shares during the period. Finally, Pillar Pacific Capital Management LLC boosted its holdings in Diageo by 1.1% in the 3rd quarter. Pillar Pacific Capital Management LLC now owns 34,467 shares of the company’s stock valued at $5,636,000 after purchasing an additional 390 shares during the period. 9.48% of the stock is owned by institutional investors and hedge funds.

A number of analysts have issued reports on DEO shares. Zacks Investment Research raised shares of Diageo from a “sell” rating to a “hold” rating and set a $171.00 price objective for the company in a report on Monday, November 4th. Societe Generale cut shares of Diageo from a “buy” rating to a “sell” rating in a research report on Thursday, September 5th. They noted that the move was a valuation call. ValuEngine cut shares of Diageo from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Morgan Stanley reiterated an “overweight” rating on shares of Diageo in a research report on Thursday, October 24th. Finally, Sanford C. Bernstein upgraded shares of Diageo from an “underperform” rating to a “market perform” rating in a research report on Tuesday, September 10th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Diageo presently has a consensus rating of “Hold” and an average target price of $171.00.

NYSE DEO traded down $1.03 on Friday, reaching $159.04. 417,322 shares of the company were exchanged, compared to its average volume of 363,973. The business’s fifty day moving average price is $161.99 and its 200 day moving average price is $167.14. The stock has a market capitalization of $102.94 billion, a P/E ratio of 23.56, a price-to-earnings-growth ratio of 2.79 and a beta of 0.45. The company has a current ratio of 1.34, a quick ratio of 0.56 and a debt-to-equity ratio of 1.06. Diageo plc has a fifty-two week low of $137.24 and a fifty-two week high of $176.22.

Diageo Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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