CIBC Asset Management Inc Sells 1,130 Shares of Diageo plc (NYSE:DEO)

CIBC Asset Management Inc reduced its holdings in shares of Diageo plc (NYSE:DEO) by 3.6% during the fourth quarter, Holdings Channel reports. The fund owned 30,513 shares of the company’s stock after selling 1,130 shares during the period. CIBC Asset Management Inc’s holdings in Diageo were worth $3,879,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. 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 worth $1,031,465,000 after purchasing an additional 8,104,301 shares during 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 worth $133,240,000 after purchasing an additional 487,904 shares during the last quarter. FMR LLC grew its holdings in shares of 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. ABC Arbitrage SA bought a new position in shares of Diageo in the fourth quarter worth approximately $37,777,000. Finally, Confluence Investment Management LLC grew its holdings in shares of 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 purchasing an additional 284,046 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. TD Cowen raised their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $129.00.

Diageo Trading Up 1.4 %

Shares of DEO stock opened at $107.94 on Friday. The stock has a fifty day moving average of $119.59 and a 200 day moving average of $125.53. Diageo plc has a 52 week low of $105.72 and a 52 week high of $154.71. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

Diageo Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be paid a $1.62 dividend. This represents a yield of 3.8%. The ex-dividend date is Friday, February 28th.

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.