Kornitzer Capital Management Inc. KS Has $18.34 Million Stock Position in Diageo plc (NYSE:DEO)

Kornitzer Capital Management Inc. KS lowered its stake in Diageo plc (NYSE:DEO) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 130,681 shares of the company’s stock after selling 1,685 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Diageo were worth $18,340,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Signaturefd LLC grew its holdings in shares of Diageo by 8.8% during the first quarter. Signaturefd LLC now owns 7,876 shares of the company’s stock worth $1,171,000 after buying an additional 639 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Diageo by 2,128.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 9,494 shares of the company’s stock worth $1,412,000 after buying an additional 9,068 shares during the last quarter. Gallacher Capital Management LLC raised its position in Diageo by 15.2% during the first quarter. Gallacher Capital Management LLC now owns 2,162 shares of the company’s stock worth $322,000 after acquiring an additional 285 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Diageo by 47.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 18,918 shares of the company’s stock worth $2,814,000 after purchasing an additional 6,105 shares during the period. Finally, Mystic Asset Management Inc. increased its position in Diageo by 3.9% during the 1st quarter. Mystic Asset Management Inc. now owns 13,156 shares of the company’s stock worth $1,957,000 after buying an additional 495 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. 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. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Finally, The Goldman Sachs Group cut Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Diageo currently has an average rating of “Hold”.

Diageo Trading Up 2.2 %

Shares of NYSE DEO traded up $2.62 during midday trading on Thursday, reaching $122.26. 169,162 shares of the company were exchanged, compared to its average volume of 750,537. The stock’s 50-day moving average price is $132.96 and its 200-day moving average price is $132.72. 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 one year low of $118.35 and a one year high of $161.64.

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.