Northwest Bancshares Inc. Sells 5,404 Shares of Diageo plc (NYSE:DEO)

Northwest Bancshares Inc. cut its position in shares of Diageo plc (NYSE:DEO) by 14.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 31,436 shares of the company’s stock after selling 5,404 shares during the period. Northwest Bancshares Inc.’s holdings in Diageo were worth $4,412,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in DEO. Triad Wealth Partners LLC bought a new stake in shares of Diageo during the second quarter valued at approximately $25,000. 1620 Investment Advisors Inc. bought a new stake in shares of Diageo during the second quarter valued at approximately $25,000. Beacon Capital Management LLC boosted its position in shares of Diageo by 777.3% during the first quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. Concord Wealth Partners bought a new stake in shares of Diageo during the third quarter valued at approximately $38,000. Finally, Bruce G. Allen Investments LLC boosted its position in shares of Diageo by 1,395.0% during the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock valued at $42,000 after purchasing an additional 279 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors.

Diageo Price Performance

Diageo stock opened at $119.22 on Wednesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. The business’s fifty day simple moving average is $131.21 and its two-hundred day simple moving average is $131.47. Diageo plc has a 12 month low of $117.84 and a 12 month high of $154.71.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Three research 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, the company currently has a consensus 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.