Integrated Advisors Network LLC Sells 738 Shares of Diageo plc (NYSE:DEO)

Integrated Advisors Network LLC reduced its holdings in shares of Diageo plc (NYSE:DEO) by 24.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,297 shares of the company’s stock after selling 738 shares during the quarter. Integrated Advisors Network LLC’s holdings in Diageo were worth $322,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of DEO. QRG Capital Management Inc. raised its position in Diageo by 16.4% in the first quarter. QRG Capital Management Inc. now owns 7,185 shares of the company’s stock valued at $1,069,000 after purchasing an additional 1,011 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Diageo by 461.4% in the first quarter. Cetera Investment Advisers now owns 70,630 shares of the company’s stock valued at $10,506,000 after buying an additional 58,048 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Diageo in the third quarter valued at about $9,769,000. Geneos Wealth Management Inc. grew its stake in Diageo by 2,128.6% during the first quarter. Geneos Wealth Management Inc. now owns 9,494 shares of the company’s stock worth $1,412,000 after purchasing an additional 9,068 shares during the period. Finally, Bleakley Financial Group LLC grew its stake in Diageo by 346.5% during the first quarter. Bleakley Financial Group LLC now owns 25,524 shares of the company’s stock worth $3,796,000 after purchasing an additional 19,808 shares during the period. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Performance

DEO stock opened at $124.21 on Friday. Diageo plc has a twelve month low of $119.48 and a twelve month high of $161.64. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The stock’s 50 day moving average is $133.68 and its 200-day moving average is $133.12.

Analyst Ratings Changes

DEO has been the subject of several recent analyst reports. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. The Goldman Sachs Group cut Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Finally, Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently 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.