Canoe Financial LP Sells 8,068,468 Shares of Diageo plc (NYSE:DEO)

Canoe Financial LP trimmed its position in Diageo plc (NYSE:DEO - Free Report) by 99.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,000 shares of the company's stock after selling 8,068,468 shares during the period. Canoe Financial LP's holdings in Diageo were worth $4,716,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. DMKC Advisory Services LLC grew its stake in shares of Diageo by 3.5% during the 1st quarter. DMKC Advisory Services LLC now owns 17,126 shares of the company's stock valued at $1,795,000 after purchasing an additional 574 shares during the period. Good Steward Wealth Advisors LLC bought a new stake in shares of Diageo during the 1st quarter valued at about $228,000. DecisionMap Wealth Management LLC grew its stake in shares of Diageo by 14.5% during the 1st quarter. DecisionMap Wealth Management LLC now owns 4,279 shares of the company's stock valued at $448,000 after purchasing an additional 541 shares during the period. Blue Trust Inc. grew its stake in shares of Diageo by 23.9% during the 1st quarter. Blue Trust Inc. now owns 4,961 shares of the company's stock valued at $520,000 after purchasing an additional 958 shares during the period. Finally, Autumn Glory Partners LLC grew its stake in shares of Diageo by 1.9% during the 1st quarter. Autumn Glory Partners LLC now owns 9,929 shares of the company's stock valued at $1,040,000 after purchasing an additional 189 shares during the period. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Down 0.9%

DEO stock opened at $100.72 on Friday. Diageo plc has a twelve month low of $100.66 and a twelve month high of $142.73. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The stock has a market cap of $56.03 billion, a P/E ratio of 14.70 and a beta of 0.58. The business's 50-day moving average price is $109.86 and its 200-day moving average price is $113.36.

Analyst Ratings Changes

DEO has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Morgan Stanley restated an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. Finally, Berenberg Bank initiated coverage on Diageo in a research report on Wednesday, April 2nd. They set a "buy" rating on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $129.00.

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.

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