Lawson Kroeker Investment Management Inc. NE Cuts Stake in Diageo plc (NYSE:DEO)

Lawson Kroeker Investment Management Inc. NE reduced its stake in shares of Diageo plc (NYSE:DEO) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,580 shares of the company’s stock after selling 187 shares during the quarter. Lawson Kroeker Investment Management Inc. NE’s holdings in Diageo were worth $709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of DEO. Canoe Financial LP grew its holdings in shares of Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after purchasing an additional 8,104,301 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of 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 purchasing an additional 487,904 shares in the last quarter. FMR LLC lifted its position 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 buying an additional 437,646 shares during the last quarter. Raymond James & Associates lifted its position 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 lifted its position 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 owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DEO shares. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Finally, TD Cowen raised their price target on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. One research 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $129.00.

Diageo Stock Down 2.3 %

NYSE:DEO opened at $120.67 on Thursday. Diageo plc has a twelve month low of $113.99 and a twelve month high of $154.71. The stock has a fifty day simple moving average of $122.84 and a 200-day simple moving average of $127.50. 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 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.