Knuff & Co LLC Has $56,000 Stock Holdings in Diageo plc (NYSE:DEO)

Knuff & Co LLC lowered its stake in shares of Diageo plc (NYSE:DEO) by 60.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 400 shares of the company’s stock after selling 600 shares during the period. Knuff & Co LLC’s holdings in Diageo were worth $56,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DEO. Bank of Montreal Can grew its stake in Diageo by 1,034.5% in the second quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock valued at $104,443,000 after purchasing an additional 729,166 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Diageo by 105.7% during the 3rd quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock valued at $133,240,000 after buying an additional 487,904 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Diageo by 416.0% in the 2nd quarter. Hsbc Holdings PLC now owns 521,920 shares of the company’s stock valued at $65,939,000 after buying an additional 420,778 shares in the last quarter. Raymond James & Associates increased its holdings in Diageo by 52.3% in the third quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock worth $119,800,000 after buying an additional 293,017 shares during the last quarter. Finally, Confluence Investment Management LLC increased its holdings in Diageo by 30.5% in the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after buying an additional 284,046 shares during the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on DEO. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 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 stock. Based on data from MarketBeat.com, Diageo currently has an average rating of “Hold”.

Diageo Stock Performance

Shares of DEO stock opened at $118.92 on Tuesday. Diageo plc has a 12 month low of $117.84 and a 12 month high of $154.71. 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 business’s 50 day moving average is $131.38 and its two-hundred day moving average is $131.59.

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.