Diageo plc (NYSE:DEO) Position Boosted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its holdings in Diageo plc (NYSE:DEO) by 0.2% during the third quarter, HoldingsChannel.com reports. The fund owned 154,836 shares of the company’s stock after acquiring an additional 259 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Diageo were worth $21,730,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Confluence Investment Management LLC lifted its holdings in Diageo by 30.5% in 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. QRG Capital Management Inc. increased its stake in shares of Diageo by 16.4% during the first quarter. QRG Capital Management Inc. now owns 7,185 shares of the company’s stock valued at $1,069,000 after acquiring an additional 1,011 shares during the period. Cetera Investment Advisers increased its stake in shares of Diageo by 461.4% during the first quarter. Cetera Investment Advisers now owns 70,630 shares of the company’s stock valued at $10,506,000 after acquiring an additional 58,048 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Diageo during the third quarter valued at approximately $9,769,000. Finally, Eldred Rock Partners LLC increased its stake in shares of Diageo by 120.5% during the third quarter. Eldred Rock Partners LLC now owns 54,769 shares of the company’s stock valued at $7,752,000 after acquiring an additional 29,928 shares during the period. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

Shares of Diageo stock traded down $1.40 during midday trading on Wednesday, reaching $118.28. 134,774 shares of the company’s stock traded hands, compared to its average volume of 753,507. The company’s 50 day simple moving average is $132.12 and its 200 day simple moving average is $132.12. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. Diageo plc has a 52 week low of $117.84 and a 52 week high of $154.71.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DEO shares. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research report 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 given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Diageo

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.