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

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

Several other institutional investors have also added to or reduced their stakes in DEO. Financial Counselors Inc. raised its stake in shares of Diageo by 3.3% in the 2nd quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock valued at $326,000 after purchasing an additional 83 shares during the period. PFG Investments LLC lifted its stake in Diageo by 3.4% in the 2nd quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock valued at $317,000 after acquiring an additional 83 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Diageo by 1.1% in the 3rd quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock valued at $1,143,000 after acquiring an additional 85 shares in the last quarter. Gradient Investments LLC boosted its position in Diageo by 2.8% during the 2nd quarter. Gradient Investments LLC now owns 3,181 shares of the company’s stock worth $401,000 after acquiring an additional 86 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Diageo by 0.9% during the 1st quarter. Toronto Dominion Bank now owns 9,949 shares of the company’s stock worth $1,480,000 after acquiring an additional 90 shares in the last quarter. 8.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Diageo Price Performance

NYSE:DEO opened at $118.16 on Friday. Diageo plc has a 1-year low of $117.84 and a 1-year high of $154.71. The firm has a fifty day simple moving average of $131.57 and a 200 day simple moving average of $131.80. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

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.