National Bank of Canada FI Acquires 11,620 Shares of Diageo plc (NYSE:DEO)

National Bank of Canada FI grew its stake in Diageo plc (NYSE:DEO) by 7.6% during the 4th quarter, HoldingsChannel reports. The fund owned 164,248 shares of the company’s stock after purchasing an additional 11,620 shares during the quarter. National Bank of Canada FI’s holdings in Diageo were worth $23,636,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vestmark Advisory Solutions Inc. raised its position in Diageo by 13.0% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 15,296 shares of the company’s stock worth $2,228,000 after acquiring an additional 1,760 shares during the period. First National Trust Co increased its stake in Diageo by 6.7% in the fourth quarter. First National Trust Co now owns 4,288 shares of the company’s stock worth $625,000 after purchasing an additional 270 shares during the period. Legacy Financial Advisors Inc. purchased a new position in Diageo during the 4th quarter valued at about $212,000. Sapient Capital LLC bought a new position in Diageo in the fourth quarter worth approximately $1,406,000. Finally, Axxcess Wealth Management LLC lifted its position in shares of Diageo by 85.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 6,190 shares of the company’s stock valued at $902,000 after buying an additional 2,854 shares during the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas cut Diageo from a “neutral” rating to an “underperform” rating in a research note on Friday, January 12th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $3,797.50.

Diageo Stock Performance

Diageo stock opened at $138.57 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 1.58 and a debt-to-equity ratio of 1.73. The stock’s fifty day simple moving average is $144.70 and its 200-day simple moving average is $145.40. Diageo plc has a twelve month low of $135.63 and a twelve month high of $188.11.

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.