2,113 Shares in Diageo plc (NYSE:DEO) Bought by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida acquired a new position in shares of Diageo plc (NYSE:DEO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,113 shares of the company’s stock, valued at approximately $269,000.

Several other hedge funds also recently modified their holdings of DEO. Oliver Luxxe Assets LLC bought a new position in shares of Diageo in the 4th quarter valued at about $2,031,000. Modus Advisors LLC bought a new position in shares of Diageo in the 4th quarter valued at about $35,000. JPMorgan Chase & Co. grew its holdings in shares of Diageo by 25.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company’s stock valued at $156,759,000 after acquiring an additional 229,946 shares in the last quarter. Logan Capital Management Inc. grew its holdings in shares of Diageo by 2.2% in the 3rd quarter. Logan Capital Management Inc. now owns 22,887 shares of the company’s stock valued at $3,212,000 after acquiring an additional 487 shares in the last quarter. Finally, Inspire Trust Co. N.A. grew its holdings in shares of Diageo by 12.4% in the 3rd quarter. Inspire Trust Co. N.A. now owns 18,189 shares of the company’s stock valued at $2,553,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

DEO has been the subject of several analyst reports. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Finally, Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold”.

Diageo Stock Performance

DEO stock traded up $3.97 during mid-day trading on Monday, hitting $125.35. 1,722,396 shares of the company were exchanged, compared to its average volume of 1,258,091. The business has a 50 day simple moving average of $123.51 and a 200-day simple moving average of $128.48. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. Diageo plc has a 1-year low of $117.72 and a 1-year high of $154.71.

About Diageo

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.