Diageo plc (NYSE:DEO) Shares Sold by Aberdeen Wealth Management LLC

Aberdeen Wealth Management LLC lessened its stake in Diageo plc (NYSE:DEO) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,338 shares of the company’s stock after selling 200 shares during the quarter. Aberdeen Wealth Management LLC’s holdings in Diageo were worth $749,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its position in shares of Diageo by 42.7% during the 1st quarter. Russell Investments Group Ltd. now owns 1,136 shares of the company’s stock worth $169,000 after purchasing an additional 340 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in shares of Diageo by 15.4% in the first quarter. Kingsview Wealth Management LLC now owns 1,708 shares of the company’s stock valued at $254,000 after acquiring an additional 228 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Diageo by 43.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 19,273 shares of the company’s stock worth $2,867,000 after acquiring an additional 5,848 shares during the last quarter. Lake Street Advisors Group LLC increased its position in shares of Diageo by 30.3% during the first quarter. Lake Street Advisors Group LLC now owns 5,790 shares of the company’s stock worth $871,000 after purchasing an additional 1,348 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in Diageo by 76.7% in the 1st quarter. National Bank of Canada FI now owns 290,162 shares of the company’s stock valued at $41,481,000 after purchasing an additional 125,914 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Three investment 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 data from MarketBeat, the company presently has an average rating of “Hold”.

Diageo Price Performance

Diageo stock opened at $118.92 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The company has a fifty day simple moving average of $131.38 and a 200-day simple moving average of $131.59. Diageo plc has a 12-month low of $117.84 and a 12-month high of $154.71.

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.