Verity & Verity LLC decreased its position in Diageo PLC (NYSE:DEO) by 12.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,041 shares of the company’s stock after selling 5,749 shares during the quarter. Diageo PLC accounts for 1.6% of Verity & Verity LLC’s portfolio, making the stock its 29th largest position. Verity & Verity LLC’s holdings in Diageo PLC were worth $5,423,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bangor Savings Bank lifted its position in Diageo PLC by 0.9% in the second quarter. Bangor Savings Bank now owns 1,774 shares of the company’s stock valued at $212,000 after purchasing an additional 16 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Diageo PLC by 0.8% in the second quarter. Parkside Financial Bank & Trust now owns 2,526 shares of the company’s stock valued at $303,000 after purchasing an additional 20 shares during the last quarter. Capital One National Association lifted its position in Diageo PLC by 0.7% in the second quarter. Capital One National Association now owns 3,119 shares of the company’s stock valued at $374,000 after purchasing an additional 22 shares during the last quarter. Sterling Investment Advisors Ltd. lifted its position in Diageo PLC by 0.3% in the second quarter. Sterling Investment Advisors Ltd. now owns 9,251 shares of the company’s stock valued at $1,109,000 after purchasing an additional 26 shares during the last quarter. Finally, Lourd Capital LLC lifted its position in Diageo PLC by 0.4% in the second quarter. Lourd Capital LLC now owns 7,646 shares of the company’s stock valued at $916,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 11.68% of the company’s stock.

Several brokerages have weighed in on DEO. Zacks Investment Research cut Diageo PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Jefferies Group LLC reissued a “buy” rating and set a $155.40 target price (up from $155.20) on shares of Diageo PLC in a research note on Saturday, September 30th. Evercore ISI began coverage on Diageo PLC in a research note on Thursday, September 28th. They set an “outperform” rating and a $152.00 target price on the stock. Berenberg Bank cut Diageo PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, BidaskClub raised Diageo PLC from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $152.35.

Diageo PLC (DEO) traded up $0.82 during trading on Friday, reaching $135.81. The company’s stock had a trading volume of 235,585 shares, compared to its average volume of 360,512. Diageo PLC has a twelve month low of $99.46 and a twelve month high of $137.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.58 and a current ratio of 1.30.

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Diageo PLC Profile

Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.

Institutional Ownership by Quarter for Diageo PLC (NYSE:DEO)

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