Diageo plc (NYSE:DEO) Shares Sold by Lincoln Capital LLC

Lincoln Capital LLC cut its stake in shares of Diageo plc (NYSE:DEO) by 6.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 55,221 shares of the company’s stock after selling 3,834 shares during the period. Diageo accounts for approximately 1.5% of Lincoln Capital LLC’s holdings, making the stock its 18th biggest holding. Lincoln Capital LLC’s holdings in Diageo were worth $7,020,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DEO. Canoe Financial LP grew its position in Diageo by 88,407.3% during the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after acquiring an additional 8,104,301 shares during the period. Bank of Montreal Can raised its holdings in shares of Diageo by 1,034.5% in the 2nd quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock worth $104,443,000 after purchasing an additional 729,166 shares during the period. Natixis Advisors LLC lifted its stake in shares of Diageo by 105.7% in the 3rd quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock valued at $133,240,000 after purchasing an additional 487,904 shares in the last quarter. FMR LLC grew its holdings in shares of 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 purchasing an additional 437,646 shares during the period. Finally, Raymond James & Associates increased its position in Diageo by 52.3% during the 3rd 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. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Performance

Shares of NYSE:DEO opened at $118.75 on Monday. The company has a 50 day moving average of $122.58 and a two-hundred day moving average of $127.90. Diageo plc has a 52-week low of $113.99 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.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in 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. TD Cowen raised their target price on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research note 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 analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Diageo presently has an average rating of “Hold” and an average price target 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.