LMR Partners LLP Makes New $3.18 Million Investment in Diageo plc (NYSE:DEO)

LMR Partners LLP acquired a new position in Diageo plc (NYSE:DEO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,000 shares of the company's stock, valued at approximately $3,178,000.

Several other large investors also recently bought and sold shares of DEO. Canoe Financial LP increased its holdings in shares of 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 in the last quarter. FMR LLC raised its holdings in Diageo by 10.9% in the 4th quarter. FMR LLC now owns 5,813,938 shares of the company's stock valued at $739,126,000 after buying an additional 571,873 shares during the period. Kovitz Investment Group Partners LLC increased its stake in Diageo by 234.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,600,702 shares of the company's stock worth $330,627,000 after purchasing an additional 1,822,994 shares during the period. Bank of Montreal Can boosted its stake in shares of Diageo by 1,181.5% in the 4th quarter. Bank of Montreal Can now owns 1,406,004 shares of the company's stock valued at $178,745,000 after buying an additional 1,296,285 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Diageo by 9.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,220,534 shares of the company's stock worth $155,167,000 after acquiring an additional 103,540 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company's stock.

Diageo Price Performance

Shares of NYSE:DEO traded up $1.96 during midday trading on Thursday, reaching $114.70. The company's stock had a trading volume of 676,271 shares, compared to its average volume of 937,721. Diageo plc has a fifty-two week low of $100.72 and a fifty-two week high of $143.11. The business's fifty day simple moving average is $109.11 and its 200-day simple moving average is $115.70. The company has a market capitalization of $63.81 billion, a P/E ratio of 16.74, a P/E/G ratio of 2.39 and a beta of 0.60. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67.

Analyst Ratings Changes

A number of brokerages have commented on DEO. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Berenberg Bank initiated coverage on Diageo in a research report on Wednesday, April 2nd. They issued a "buy" rating on the stock. Finally, Morgan Stanley reissued an "underweight" rating on shares of Diageo in a research report on Monday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $129.00.

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.