Kornitzer Capital Management Inc. KS Has $17.59 Million Position in Diageo plc (NYSE:DEO)

Kornitzer Capital Management Inc. KS raised its position in shares of Diageo plc (NYSE:DEO - Free Report) by 16.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,763 shares of the company's stock after buying an additional 17,034 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in Diageo were worth $17,590,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fox Run Management L.L.C. acquired a new stake in Diageo during the third quarter valued at approximately $263,000. Cerity Partners LLC grew its holdings in shares of Diageo by 6.1% during the fourth quarter. Cerity Partners LLC now owns 41,808 shares of the company's stock valued at $6,090,000 after purchasing an additional 2,400 shares during the last quarter. Retirement Planning Co of New England Inc. grew its holdings in shares of Diageo by 51.0% during the third quarter. Retirement Planning Co of New England Inc. now owns 8,723 shares of the company's stock valued at $1,301,000 after purchasing an additional 2,946 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Diageo by 8.2% during the third quarter. Wellington Management Group LLP now owns 432,223 shares of the company's stock valued at $64,479,000 after purchasing an additional 32,928 shares during the last quarter. Finally, Rockline Wealth Management LLC bought a new position in shares of Diageo during the fourth quarter valued at approximately $1,142,000. Institutional investors and hedge funds own 8.97% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on DEO. Argus lowered Diageo from a "buy" rating to a "hold" rating in a report on Thursday, January 4th. BNP Paribas lowered Diageo from a "neutral" rating to an "underperform" rating in a report on Friday, January 12th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, Diageo currently has an average rating of "Hold" and an average target price of $3,797.50.

Diageo Stock Performance

DEO stock traded down $0.03 on Friday, reaching $140.76. The company's stock had a trading volume of 692,945 shares, compared to its average volume of 711,098. Diageo plc has a 52 week low of $135.63 and a 52 week high of $190.02. The firm has a fifty day moving average of $146.90 and a two-hundred day moving average of $146.45. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58.

Diageo Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 1st were issued a $1.62 dividend. This represents a yield of 2.7%. The ex-dividend date was Thursday, February 29th.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.