Infusive Asset Management Inc. Grows Holdings in Diageo plc (NYSE:DEO)

Infusive Asset Management Inc. grew its stake in shares of Diageo plc (NYSE:DEO) by 26.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,038 shares of the company’s stock after buying an additional 6,510 shares during the quarter. Diageo accounts for 1.8% of Infusive Asset Management Inc.’s investment portfolio, making the stock its 22nd biggest position. Infusive Asset Management Inc.’s holdings in Diageo were worth $4,356,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. FMR LLC grew its position in Diageo by 9.1% during the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock worth $735,671,000 after acquiring an additional 437,646 shares during the last quarter. Markel Group Inc. boosted its holdings in shares of Diageo by 0.5% during the 2nd quarter. Markel Group Inc. now owns 1,366,708 shares of the company’s stock valued at $172,315,000 after buying an additional 6,300 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Diageo by 13.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company’s stock worth $176,042,000 after purchasing an additional 147,920 shares during the period. Confluence Investment Management LLC raised its position in shares of Diageo by 30.5% in the 3rd quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after purchasing an additional 284,046 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Diageo by 7.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,127,576 shares of the company’s stock valued at $142,165,000 after purchasing an additional 74,745 shares during the last quarter. 8.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Diageo presently has a consensus rating of “Hold”.

Diageo Price Performance

NYSE DEO opened at $118.65 on Friday. Diageo plc has a 52 week low of $117.72 and a 52 week high of $154.71. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The company has a fifty day moving average of $129.31 and a two-hundred day moving average of $130.55.

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.