Deutsche Bank AG Has $30.43 Million Position in Diageo plc (NYSE:DEO)

Deutsche Bank AG lessened its holdings in Diageo plc (NYSE:DEO - Free Report) by 31.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 239,358 shares of the company's stock after selling 111,440 shares during the quarter. Deutsche Bank AG's holdings in Diageo were worth $30,430,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Canoe Financial LP increased its position in Diageo by 88,407.3% during the 4th 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. FMR LLC increased its position in Diageo by 10.9% during the 4th quarter. FMR LLC now owns 5,813,938 shares of the company's stock valued at $739,126,000 after purchasing an additional 571,873 shares during the period. Kovitz Investment Group Partners LLC increased its position in Diageo by 234.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,600,702 shares of the company's stock valued at $330,627,000 after purchasing an additional 1,822,994 shares during the period. Bank of Montreal Can increased its position in Diageo by 1,181.5% during the 4th quarter. Bank of Montreal Can now owns 1,406,004 shares of the company's stock valued at $178,745,000 after purchasing an additional 1,296,285 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Diageo by 9.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,220,534 shares of the company's stock valued at $155,167,000 after purchasing an additional 103,540 shares during the period. Institutional investors and hedge funds own 8.97% of the company's stock.

Diageo Trading Up 0.2%

Shares of DEO stock traded up $0.24 during trading hours on Friday, hitting $115.03. 655,882 shares of the company were exchanged, compared to its average volume of 939,055. The firm has a market cap of $63.99 billion, a P/E ratio of 16.79, a P/E/G ratio of 2.39 and a beta of 0.60. Diageo plc has a fifty-two week low of $100.72 and a fifty-two week high of $142.73. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The company has a 50 day simple moving average of $109.20 and a two-hundred day simple moving average of $115.59.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DEO. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Berenberg Bank initiated coverage on shares of Diageo in a research report on Wednesday, April 2nd. They set a "buy" rating for the company. Finally, Morgan Stanley reaffirmed an "underweight" rating on shares of Diageo in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target 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.