Oppenheimer & Co. Inc. Has $1.58 Million Holdings in Diageo plc (NYSE:DEO)

Oppenheimer & Co. Inc. lowered its stake in Diageo plc (NYSE:DEO) by 9.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,032 shares of the company’s stock after selling 1,577 shares during the period. Oppenheimer & Co. Inc.’s holdings in Diageo were worth $1,575,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CoreFirst Bank & Trust acquired a new stake in shares of Diageo in the fourth quarter worth about $25,000. Orion Capital Management LLC acquired a new position in shares of Diageo during the 4th quarter worth about $25,000. BNP Paribas acquired a new position in shares of Diageo during the 4th quarter worth about $32,000. Measured Risk Portfolios Inc. acquired a new position in shares of Diageo during the 4th quarter worth about $32,000. Finally, Perkins Coie Trust Co acquired a new position in shares of Diageo during the 1st quarter worth about $27,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Down 0.1%

Diageo stock opened at $100.43 on Friday. The business has a 50 day moving average price of $109.00 and a two-hundred day moving average price of $112.60. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The stock has a market cap of $55.87 billion, a price-to-earnings ratio of 14.66 and a beta of 0.58. Diageo plc has a 12 month low of $99.26 and a 12 month high of $142.73.

Analyst Ratings Changes

DEO has been the subject of several research analyst reports. Berenberg Bank initiated coverage on Diageo in a research report on Wednesday, April 2nd. They set a “buy” rating for the company. Morgan Stanley reissued an “underweight” rating on shares of Diageo in a research report on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $129.00.

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.