Diageo plc (NYSE:DEO) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in Diageo plc (NYSE:DEO) by 32.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 65,894 shares of the company’s stock after purchasing an additional 16,285 shares during the period. BNP Paribas Financial Markets’ holdings in Diageo were worth $9,248,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DEO. Citigroup Inc. grew its holdings in shares of Diageo by 4.4% during the third quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock worth $22,234,000 after purchasing an additional 6,617 shares during the last quarter. FMR LLC grew its stake in Diageo by 9.1% during the 3rd 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. CIBC Asset Management Inc increased its position in Diageo by 106.2% during the third quarter. CIBC Asset Management Inc now owns 31,643 shares of the company’s stock worth $4,441,000 after buying an additional 16,300 shares during the period. Grandfield & Dodd LLC lifted its stake in Diageo by 2.3% in the third quarter. Grandfield & Dodd LLC now owns 240,013 shares of the company’s stock valued at $33,684,000 after buying an additional 5,460 shares during the last quarter. Finally, Confluence Investment Management LLC boosted 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 valued at $170,623,000 after acquiring an additional 284,046 shares during the period. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Performance

NYSE:DEO opened at $119.62 on Tuesday. Diageo plc has a 12-month low of $117.72 and a 12-month high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. The stock’s 50 day simple moving average is $129.03 and its 200-day simple moving average is $130.21.

Analyst Ratings Changes

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