AGF Management Ltd. Increases Holdings in Diageo plc (NYSE:DEO)

AGF Management Ltd. boosted its holdings in Diageo plc (NYSE:DEO - Free Report) by 2,332.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 231,716 shares of the company's stock after buying an additional 222,190 shares during the period. AGF Management Ltd.'s holdings in Diageo were worth $33,752,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Western Wealth Management LLC boosted its stake in Diageo by 2.6% in the third quarter. Western Wealth Management LLC now owns 2,559 shares of the company's stock worth $382,000 after purchasing an additional 66 shares in the last quarter. O Brien Greene & Co. Inc lifted its stake in shares of Diageo by 2.4% during the third quarter. O Brien Greene & Co. Inc now owns 2,970 shares of the company's stock valued at $443,000 after acquiring an additional 70 shares during the period. SVB Wealth LLC lifted its stake in shares of Diageo by 1.8% during the fourth quarter. SVB Wealth LLC now owns 3,988 shares of the company's stock valued at $581,000 after acquiring an additional 70 shares during the period. Lawson Kroeker Investment Management Inc. NE lifted its stake in shares of Diageo by 0.5% during the fourth quarter. Lawson Kroeker Investment Management Inc. NE now owns 14,246 shares of the company's stock valued at $2,075,000 after acquiring an additional 72 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Diageo by 3.3% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,243 shares of the company's stock valued at $327,000 after buying an additional 72 shares during the period. 8.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, BNP Paribas lowered Diageo from a "neutral" rating to an "underperform" rating in a research note on Friday, January 12th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $3,797.50.

Diageo Trading Up 0.1 %

NYSE:DEO traded up $0.10 during mid-day trading on Friday, hitting $142.94. The company had a trading volume of 469,023 shares, compared to its average volume of 806,857. Diageo plc has a fifty-two week low of $135.63 and a fifty-two week high of $183.77. The business's fifty day moving average is $143.83 and its two-hundred day moving average is $145.20. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73.

Diageo 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.