Euro Pacific Asset Management LLC Sells 537 Shares of Diageo plc (NYSE:DEO)

Euro Pacific Asset Management LLC cut its position in Diageo plc (NYSE:DEO) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,266 shares of the company’s stock after selling 537 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in Diageo were worth $1,024,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Canoe Financial LP grew its position in shares of Diageo by 88,407.3% in the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after buying an additional 8,104,301 shares during the last quarter. Natixis Advisors LLC boosted its stake in Diageo by 105.7% in the third quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock valued at $133,240,000 after acquiring an additional 487,904 shares in the last quarter. FMR LLC grew its holdings in Diageo by 9.1% in 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 last quarter. Raymond James & Associates increased its position in shares of Diageo by 52.3% during the third quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock worth $119,800,000 after purchasing an additional 293,017 shares in the last quarter. 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 purchasing an additional 284,046 shares during the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Performance

Shares of DEO opened at $124.53 on Friday. The stock has a 50-day moving average of $122.49 and a two-hundred day moving average of $127.62. Diageo plc has a one year low of $113.99 and a one year 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.

Analysts Set New Price Targets

DEO has been the topic of several recent analyst reports. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. TD Cowen upped their price objective on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $129.00.

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.