Knuff & Co LLC Has $56,000 Stock Position in Diageo plc (NYSE:DEO)

Knuff & Co LLC cut its stake in Diageo plc (NYSE:DEO) by 60.0% in the third quarter, Holdings Channel.com reports. The firm owned 400 shares of the company’s stock after selling 600 shares during the period. Knuff & Co LLC’s holdings in Diageo were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Markel Group Inc. grew 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 buying an additional 6,300 shares in the last quarter. Confluence Investment Management LLC increased its position in shares of Diageo by 30.5% during the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock valued at $170,623,000 after purchasing an additional 284,046 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Diageo by 7.1% during the second quarter. Envestnet Asset Management Inc. now owns 1,127,576 shares of the company’s stock valued at $142,165,000 after purchasing an additional 74,745 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Diageo by 2.2% in 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 purchasing an additional 23,435 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in 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 period. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DEO has been the topic of several analyst reports. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a 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 note on Monday, August 12th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Diageo Trading Up 0.6 %

Shares of NYSE:DEO opened at $118.92 on Tuesday. The company’s fifty day moving average is $131.38 and its 200-day moving average is $131.59. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo plc has a 52 week low of $117.84 and a 52 week high of $154.71.

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.