Diageo plc (NYSE:DEO) Shares Sold by Ipswich Investment Management Co. Inc.

Ipswich Investment Management Co. Inc. lessened its holdings in shares of Diageo plc (NYSE:DEO) by 65.8% during the 3rd quarter, Holdings Channel reports. The firm owned 1,882 shares of the company’s stock after selling 3,622 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in Diageo were worth $264,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Triad Wealth Partners LLC acquired a new stake in Diageo during the 2nd quarter worth approximately $25,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Diageo in the second quarter valued at $25,000. Beacon Capital Management LLC increased its holdings in Diageo by 777.3% during the 1st quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock worth $29,000 after purchasing an additional 171 shares during the period. Concord Wealth Partners purchased a new stake in shares of Diageo during the 3rd quarter worth $38,000. Finally, Bruce G. Allen Investments LLC grew its stake 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 worth $42,000 after purchasing an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Trading Down 1.4 %

NYSE:DEO opened at $118.15 on Friday. Diageo plc has a 52-week low of $117.84 and a 52-week high of $154.71. The stock’s 50 day moving average price is $131.57 and its 200 day moving average price is $131.80. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.

Analyst Ratings Changes

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

Diageo Profile

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.