OneDigital Investment Advisors LLC Sells 1,199 Shares of Diageo plc (NYSE:DEO)

OneDigital Investment Advisors LLC reduced its position in shares of Diageo plc (NYSE:DEO) by 4.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,135 shares of the company’s stock after selling 1,199 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Diageo were worth $3,668,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Counselors Inc. grew its stake in shares of Diageo by 3.3% in the second quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock worth $326,000 after acquiring an additional 83 shares during the period. PFG Investments LLC grew its stake in shares of Diageo by 3.4% in the second quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock worth $317,000 after acquiring an additional 83 shares during the period. Global Retirement Partners LLC grew its stake in shares of Diageo by 1.1% in the third quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock worth $1,143,000 after acquiring an additional 85 shares during the period. Gradient Investments LLC grew its stake in shares of Diageo by 2.8% in the second 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 period. Finally, Toronto Dominion Bank grew its stake in shares of Diageo by 0.9% in the first quarter. Toronto Dominion Bank now owns 9,949 shares of the company’s stock worth $1,480,000 after acquiring an additional 90 shares during the period. 8.97% of the stock is currently owned by institutional investors.

Diageo Trading Down 1.4 %

DEO opened at $118.15 on Friday. 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 plc has a 12-month low of $117.84 and a 12-month high of $154.71. The company’s 50 day moving average is $131.74 and its 200 day moving average is $131.95.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DEO shares. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Diageo has an average rating of “Hold”.

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.