Aberdeen Wealth Management LLC Decreases Position in Diageo plc (NYSE:DEO)

Aberdeen Wealth Management LLC reduced its stake in Diageo plc (NYSE:DEO) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,338 shares of the company’s stock after selling 200 shares during the period. Aberdeen Wealth Management LLC’s holdings in Diageo were worth $749,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DEO. Bank of Montreal Can boosted its holdings in shares of Diageo by 1,034.5% in the 2nd quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock valued at $104,443,000 after buying an additional 729,166 shares in the last quarter. Natixis Advisors LLC lifted its position in Diageo by 105.7% in the third quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock valued at $133,240,000 after acquiring an additional 487,904 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Diageo by 416.0% in the second quarter. Hsbc Holdings PLC now owns 521,920 shares of the company’s stock valued at $65,939,000 after acquiring an additional 420,778 shares in the last quarter. Raymond James & Associates grew its holdings in shares of 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 purchasing an additional 293,017 shares during the last quarter. Finally, Confluence Investment Management LLC increased its position in shares of 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 purchasing an additional 284,046 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DEO. Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Diageo Trading Up 0.6 %

NYSE DEO opened at $118.92 on Tuesday. Diageo plc has a 52-week low of $117.84 and a 52-week high of $154.71. The business’s 50-day moving average price is $131.38 and its 200 day moving average price is $131.59. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

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.