Fmr LLC Has $735.67 Million Stock Position in Diageo plc (NYSE:DEO)

Fmr LLC grew its stake in shares of Diageo plc (NYSE:DEO) by 9.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 5,242,065 shares of the company’s stock after purchasing an additional 437,646 shares during the quarter. Fmr LLC’s holdings in Diageo were worth $735,671,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Markel Group Inc. lifted its position in Diageo by 0.5% during the second quarter. Markel Group Inc. now owns 1,366,708 shares of the company’s stock worth $172,315,000 after acquiring an additional 6,300 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Diageo by 13.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company’s stock valued at $176,042,000 after buying an additional 147,920 shares in the last quarter. Confluence Investment Management LLC raised its position 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 valued at $170,623,000 after buying an additional 284,046 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Diageo by 7.1% in the second quarter. Envestnet Asset Management Inc. now owns 1,127,576 shares of the company’s stock valued at $142,165,000 after buying an additional 74,745 shares in the last quarter. Finally, Natixis Advisors LLC raised its position 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 buying an additional 487,904 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DEO has been the subject of a number of analyst reports. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Three 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Diageo Price Performance

Shares of NYSE:DEO opened at $118.65 on Friday. The company’s 50 day simple moving average is $129.31 and its 200 day simple moving average is $130.55. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. Diageo plc has a 1 year low of $117.72 and a 1 year high of $154.71.

Diageo 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.