Ballentine Partners LLC trimmed its position in shares of Diageo plc (NYSE:DEO) by 42.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,676 shares of the company’s stock after selling 1,231 shares during the period. Ballentine Partners LLC’s holdings in Diageo were worth $244,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DEO. Dimensional Fund Advisors LP boosted its stake in Diageo by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 486,548 shares of the company’s stock valued at $64,288,000 after acquiring an additional 8,978 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Diageo by 2,801.7% during the 4th quarter. Fisher Asset Management LLC now owns 422,482 shares of the company’s stock valued at $61,695,000 after acquiring an additional 407,922 shares during the last quarter. Tocqueville Asset Management L.P. boosted its stake in Diageo by 5.5% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 395,463 shares of the company’s stock valued at $52,253,000 after acquiring an additional 20,495 shares during the last quarter. Atlanta Capital Management Co. L L C boosted its stake in Diageo by 4.6% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 312,955 shares of the company’s stock valued at $37,501,000 after acquiring an additional 13,772 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in Diageo by 11.2% during the 4th quarter. Aperio Group LLC now owns 195,348 shares of the company’s stock valued at $28,527,000 after acquiring an additional 19,644 shares during the last quarter. 12.17% of the stock is owned by institutional investors and hedge funds.
Diageo plc (DEO) traded up $1.32 during trading on Wednesday, hitting $138.39. 397,476 shares of the stock were exchanged, compared to its average volume of 451,926. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.63 and a current ratio of 1.31. Diageo plc has a one year low of $110.92 and a one year high of $147.62.
The firm also recently declared a semiannual dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Friday, February 23rd will be given a $1.4232 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a dividend yield of 1.96%.
A number of research analysts have commented on DEO shares. Zacks Investment Research downgraded shares of Diageo from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. BNP Paribas downgraded shares of Diageo from an “outperform” rating to a “neutral” rating in a research note on Monday, January 29th. Royal Bank of Canada downgraded shares of Diageo from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 29th. They noted that the move was a valuation call. Finally, Jefferies Group set a $157.00 price target on shares of Diageo and gave the stock a “buy” rating in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Diageo has an average rating of “Hold” and an average price target of $153.75.
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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.
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