Canandaigua National Trust Co of Florida Buys Shares of 2,113 Diageo plc (NYSE:DEO)

Canandaigua National Trust Co of Florida bought a new stake in shares of Diageo plc (NYSE:DEO) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 2,113 shares of the company’s stock, valued at approximately $269,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC raised its position in shares of Diageo by 9.1% during the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after acquiring an additional 437,646 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Diageo by 13.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company’s stock valued at $176,042,000 after acquiring an additional 147,920 shares during the last quarter. Confluence Investment Management LLC raised its position in shares of Diageo by 30.5% during the 3rd quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock valued at $170,623,000 after acquiring an additional 284,046 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Diageo by 7.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,127,576 shares of the company’s stock valued at $142,165,000 after acquiring an additional 74,745 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Diageo by 25.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company’s stock valued at $156,759,000 after acquiring an additional 229,946 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DEO shares. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Finally, UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Diageo Trading Up 3.3 %

NYSE DEO traded up $3.97 on Monday, reaching $125.35. The company had a trading volume of 1,722,396 shares, compared to its average volume of 1,258,091. 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 1-year low of $117.72 and a 1-year high of $154.71. The company’s fifty day moving average is $123.51 and its 200-day moving average is $128.48.

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.