Diageo plc (NYSE:DEO) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its position in Diageo plc (NYSE:DEO) by 0.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 154,836 shares of the company’s stock after purchasing an additional 259 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Diageo were worth $21,730,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Bank of Montreal Can boosted its position in Diageo by 1,034.5% during the second quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock worth $104,443,000 after purchasing an additional 729,166 shares in the last quarter. Hsbc Holdings PLC increased its stake in Diageo by 416.0% during the second quarter. Hsbc Holdings PLC now owns 521,920 shares of the company’s stock worth $65,939,000 after acquiring an additional 420,778 shares during the last quarter. Raymond James & Associates increased its stake in Diageo by 52.3% during the third quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock worth $119,800,000 after acquiring an additional 293,017 shares during the last quarter. Confluence Investment Management LLC increased its stake in Diageo by 30.5% during the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after acquiring an additional 284,046 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of Diageo by 12,174.6% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 246,229 shares of the company’s stock valued at $31,045,000 after buying an additional 244,223 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of Diageo stock traded down $1.40 during trading hours on Wednesday, reaching $118.28. 134,774 shares of the company’s stock were exchanged, compared to its average volume of 753,507. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The company has a fifty day moving average of $132.12 and a 200-day moving average of $132.12. Diageo plc has a 52-week low of $117.84 and a 52-week high of $154.71.

Analyst Ratings Changes

DEO has been the subject of a number of recent research reports. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.