CIBC Asset Management Inc Grows Stock Holdings in Diageo plc (NYSE:DEO)

CIBC Asset Management Inc increased its holdings in shares of Diageo plc (NYSE:DEO) by 106.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,643 shares of the company’s stock after purchasing an additional 16,300 shares during the period. CIBC Asset Management Inc’s holdings in Diageo were worth $4,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Markel Group Inc. grew its position in Diageo by 0.5% during the 2nd quarter. Markel Group Inc. now owns 1,366,708 shares of the company’s stock worth $172,315,000 after purchasing an additional 6,300 shares during the period. Confluence Investment Management LLC grew its holdings in Diageo by 30.5% during the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after acquiring an additional 284,046 shares during the period. Envestnet Asset Management Inc. grew its holdings in Diageo by 7.1% during the second quarter. Envestnet Asset Management Inc. now owns 1,127,576 shares of the company’s stock worth $142,165,000 after acquiring an additional 74,745 shares during the period. Massachusetts Financial Services Co. MA raised its position in Diageo by 2.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,106,473 shares of the company’s stock valued at $139,504,000 after acquiring an additional 23,435 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Diageo by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 899,660 shares of the company’s stock valued at $113,429,000 after acquiring an additional 15,363 shares during the period. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Price Performance

Diageo stock opened at $118.92 on Tuesday. Diageo plc has a 12 month low of $117.84 and a 12 month high of $154.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The business has a 50 day simple moving average of $131.38 and a 200-day simple moving average of $131.59.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.