Diageo plc $DEO Holdings Lifted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its position in Diageo plc (NYSE:DEO) by 27.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 231,345 shares of the company’s stock after purchasing an additional 50,422 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Diageo were worth $22,077,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. The Manufacturers Life Insurance Company increased its position in Diageo by 72,871.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,568,162 shares of the company’s stock valued at $158,133,000 after acquiring an additional 1,566,013 shares during the period. Equity Investment Corp bought a new position in shares of Diageo in the third quarter worth $92,970,000. Orbis Allan Gray Ltd increased its holdings in shares of Diageo by 236.6% during the second quarter. Orbis Allan Gray Ltd now owns 1,157,991 shares of the company’s stock valued at $116,772,000 after purchasing an additional 813,973 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Diageo by 353.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 717,740 shares of the company’s stock valued at $72,377,000 after purchasing an additional 559,547 shares in the last quarter. Finally, Cullen Capital Management LLC raised its stake in shares of Diageo by 67.5% during the third quarter. Cullen Capital Management LLC now owns 1,309,258 shares of the company’s stock valued at $124,943,000 after purchasing an additional 527,814 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Down 0.2%

Shares of NYSE:DEO opened at $96.90 on Monday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.64 and a current ratio of 1.63. Diageo plc has a 1-year low of $84.52 and a 1-year high of $116.69. The company has a 50 day moving average price of $89.30 and a 200 day moving average price of $96.32.

Wall Street Analyst Weigh In

Several research firms have commented on DEO. Barclays reissued an “overweight” rating on shares of Diageo in a research note on Thursday, December 11th. Royal Bank Of Canada upgraded shares of Diageo from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Diageo in a research note on Friday, November 28th. Zacks Research downgraded Diageo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a research report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $116.50.

About Diageo

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.