Northwest Bancshares Inc. Sells 5,404 Shares of Diageo plc (NYSE:DEO)

Northwest Bancshares Inc. lessened its position in shares of Diageo plc (NYSE:DEO - Free Report) by 14.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,436 shares of the company's stock after selling 5,404 shares during the quarter. Northwest Bancshares Inc.'s holdings in Diageo were worth $4,412,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its stake in shares of Diageo by 42.7% during the first quarter. Russell Investments Group Ltd. now owns 1,136 shares of the company's stock worth $169,000 after acquiring an additional 340 shares during the period. Kingsview Wealth Management LLC grew its position in Diageo by 15.4% during the first quarter. Kingsview Wealth Management LLC now owns 1,708 shares of the company's stock worth $254,000 after buying an additional 228 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in Diageo by 43.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 19,273 shares of the company's stock valued at $2,867,000 after buying an additional 5,848 shares in the last quarter. Lake Street Advisors Group LLC grew its holdings in shares of Diageo by 30.3% in the 1st quarter. Lake Street Advisors Group LLC now owns 5,790 shares of the company's stock worth $871,000 after acquiring an additional 1,348 shares during the period. Finally, Pitcairn Co. purchased a new stake in Diageo during the first quarter worth $267,000. Institutional investors and hedge funds own 8.97% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on DEO. Royal Bank of Canada upgraded shares of Diageo from an "underperform" rating to a "sector perform" rating in a report on Monday, August 12th. Bank of America upgraded Diageo from a "neutral" rating to a "buy" rating in a research note on Thursday, September 12th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Diageo presently has an average rating of "Hold".

Diageo Trading Down 0.1 %

Shares of DEO stock traded down $0.06 during mid-day trading on Wednesday, reaching $119.14. The stock had a trading volume of 481,621 shares, compared to its average volume of 757,905. Diageo plc has a one year low of $117.84 and a one year 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 firm's 50 day simple moving average is $131.21 and its 200 day simple moving average is $131.47.

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.