FDx Advisors Inc. trimmed its stake in shares of Diageo plc (NYSE:DEO) by 9.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,480 shares of the company’s stock after selling 3,912 shares during the quarter. FDx Advisors Inc.’s holdings in Diageo were worth $5,619,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Gotham Asset Management LLC acquired a new position in Diageo during the 2nd quarter worth approximately $278,000. Crossmark Global Holdings Inc. acquired a new position in Diageo during the 3rd quarter worth approximately $3,257,000. Segment Wealth Management LLC increased its position in Diageo by 9.0% during the 4th quarter. Segment Wealth Management LLC now owns 17,583 shares of the company’s stock worth $2,567,000 after purchasing an additional 1,455 shares in the last quarter. Cobblestone Capital Advisors LLC NY increased its position in Diageo by 1.3% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 68,485 shares of the company’s stock worth $9,049,000 after purchasing an additional 855 shares in the last quarter. Finally, Ironwood Investment Counsel LLC increased its position in Diageo by 6.0% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 24,351 shares of the company’s stock worth $3,217,000 after purchasing an additional 1,371 shares in the last quarter. Institutional investors and hedge funds own 12.03% of the company’s stock.
Diageo plc (NYSE DEO) opened at $140.50 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.31 and a quick ratio of 0.63. Diageo plc has a 12-month low of $110.92 and a 12-month high of $147.62.
The firm also recently declared a semiannual dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Friday, February 23rd will be given a $1.4232 dividend. This represents a yield of 1.96%. The ex-dividend date is Thursday, February 22nd.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Diageo from a “hold” rating to a “buy” rating and set a $153.00 price objective for the company in a research report on Wednesday, February 7th. Macquarie upgraded shares of Diageo from an “underperform” rating to a “neutral” rating in a research report on Wednesday, February 7th. BNP Paribas cut shares of Diageo from an “outperform” rating to a “neutral” rating in a research report on Monday, January 29th. Royal Bank of Canada cut 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 objective on shares of Diageo and gave the stock a “buy” rating in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $153.75.
Diageo Company 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.
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