Diageo plc (NYSE:DEO) Stock Position Lessened by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. decreased its stake in shares of Diageo plc (NYSE:DEO) by 40.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,756 shares of the company’s stock after selling 3,970 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Diageo were worth $732,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Canoe Financial LP raised its position in Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after acquiring an additional 8,104,301 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Diageo by 105.7% in the 3rd quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock worth $133,240,000 after acquiring an additional 487,904 shares during the last quarter. FMR LLC raised its position in shares of Diageo by 9.1% during the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock worth $735,671,000 after purchasing an additional 437,646 shares during the period. Raymond James & Associates increased its stake in Diageo by 52.3% in the 3rd quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock valued at $119,800,000 after buying an additional 293,017 shares during the period. Finally, Confluence Investment Management LLC lifted its holdings in shares of Diageo by 30.5% during the 3rd quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock valued at $170,623,000 after buying an additional 284,046 shares during the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen increased their price objective on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, Diageo currently has an average rating of “Hold” and a consensus target price of $129.00.

Diageo Price Performance

Shares of DEO stock opened at $116.91 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The firm’s 50 day moving average is $122.93 and its 200-day moving average is $127.30. Diageo plc has a 1 year low of $113.99 and a 1 year high of $154.71.

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.