Oppenheimer & Co. Inc. Sells 4,710 Shares of Diageo plc (NYSE:DEO)

Oppenheimer & Co. Inc. lessened its position in Diageo plc (NYSE:DEO - Free Report) by 21.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,764 shares of the company's stock after selling 4,710 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Diageo were worth $2,353,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DEO. Clearbridge Investments LLC grew its holdings in Diageo by 7.0% in the first quarter. Clearbridge Investments LLC now owns 2,351,654 shares of the company's stock worth $349,785,000 after purchasing an additional 154,497 shares during the period. Markel Group Inc. grew its stake in shares of Diageo by 0.5% in the 2nd 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 during the last quarter. Confluence Investment Management LLC grew its stake in shares of Diageo by 30.5% in the 3rd quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company's stock worth $170,623,000 after buying an additional 284,046 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Diageo by 7.1% during the 2nd 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, Massachusetts Financial Services Co. MA raised its stake in Diageo by 2.2% during 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 buying an additional 23,435 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company's stock.

Wall Street Analyst Weigh In

DEO has been the topic of a number of recent research reports. Bank of America raised Diageo from a "neutral" rating to a "buy" rating in a research note 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 given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold".

Diageo Stock Performance

Diageo stock opened at $118.16 on Friday. Diageo plc has a one year low of $117.84 and a one year high of $154.71. The stock has a fifty day moving average of $131.57 and a 200 day moving average of $131.76. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

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.