Tandem Capital Management Corp ADV Sells 8,344 Shares of Diageo plc (NYSE:DEO)

Tandem Capital Management Corp ADV decreased its position in shares of Diageo plc (NYSE:DEO) by 81.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,948 shares of the company’s stock after selling 8,344 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Diageo were worth $284,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. IFP Advisors Inc lifted its holdings in shares of Diageo by 179.9% in the third quarter. IFP Advisors Inc now owns 1,447 shares of the company’s stock worth $216,000 after acquiring an additional 930 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of Diageo by 16.9% in the third quarter. Arkadios Wealth Advisors now owns 1,588 shares of the company’s stock worth $237,000 after acquiring an additional 230 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of Diageo by 3.4% in the third quarter. Private Trust Co. NA now owns 2,495 shares of the company’s stock worth $372,000 after acquiring an additional 82 shares during the last quarter. Boston Trust Walden Corp lifted its holdings in shares of Diageo by 2.8% in the third quarter. Boston Trust Walden Corp now owns 61,673 shares of the company’s stock worth $9,200,000 after acquiring an additional 1,683 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of Diageo by 16.9% in the third quarter. Koshinski Asset Management Inc. now owns 1,523 shares of the company’s stock worth $227,000 after acquiring an additional 220 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DEO. Argus cut shares of Diageo from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. BNP Paribas lowered shares of Diageo from a “neutral” rating to an “underperform” rating in a report on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $3,797.50.

Diageo Trading Down 1.5 %

NYSE:DEO traded down $2.07 on Thursday, reaching $138.31. 623,097 shares of the stock traded hands, compared to its average volume of 806,986. The company’s 50 day moving average is $146.45 and its 200-day moving average is $146.22. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58. Diageo plc has a 1-year low of $135.63 and a 1-year high of $189.54.

Diageo Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 1st were given a dividend of $1.62 per share. This represents a yield of 2.7%. The ex-dividend date was Thursday, February 29th.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.