Diageo plc (NYSE:DEO) Shares Sold by Huntington National Bank

Huntington National Bank lessened its stake in Diageo plc (NYSE:DEO) by 34.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,811 shares of the company’s stock after selling 5,085 shares during the period. Huntington National Bank’s holdings in Diageo were worth $1,377,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DEO. Beacon Capital Management LLC boosted its holdings in shares of Diageo by 777.3% in the first quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after acquiring an additional 171 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in Diageo during the 2nd quarter valued at $25,000. Triad Wealth Partners LLC acquired a new position in shares of Diageo during the 2nd quarter valued at $25,000. Concord Wealth Partners bought a new stake in shares of Diageo in the 3rd quarter worth $38,000. Finally, Bruce G. Allen Investments LLC raised its stake in shares of Diageo by 1,395.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after buying an additional 279 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Price Performance

Shares of NYSE DEO opened at $118.15 on Friday. The stock’s fifty day simple moving average is $131.74 and its 200 day simple moving average is $131.95. 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.

Wall Street Analyst Weigh In

DEO has been the subject of several 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 raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

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.