Citigroup Inc. Raises Position in Diageo plc (NYSE:DEO)

Citigroup Inc. boosted its position in Diageo plc (NYSE:DEO) by 4.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 158,428 shares of the company’s stock after purchasing an additional 6,617 shares during the period. Citigroup Inc.’s holdings in Diageo were worth $22,234,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Asset Management Inc lifted its position in shares of Diageo by 106.2% during the 3rd quarter. CIBC Asset Management Inc now owns 31,643 shares of the company’s stock valued at $4,441,000 after buying an additional 16,300 shares during the last quarter. Grandfield & Dodd LLC lifted its holdings in Diageo by 2.3% during the third quarter. Grandfield & Dodd LLC now owns 240,013 shares of the company’s stock valued at $33,684,000 after purchasing an additional 5,460 shares during the last quarter. Confluence Investment Management LLC boosted its position 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 purchasing an additional 284,046 shares during the period. Cetera Investment Advisers raised its position in shares of Diageo by 461.4% in the first quarter. Cetera Investment Advisers now owns 70,630 shares of the company’s stock valued at $10,506,000 after purchasing an additional 58,048 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of Diageo in the third quarter valued at approximately $9,769,000. 8.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Diageo Price Performance

Shares of NYSE:DEO opened at $118.72 on Wednesday. The firm has a fifty day moving average price of $129.94 and a two-hundred day moving average price of $130.72. 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 one year low of $117.72 and a one year high of $154.71.

Diageo 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.