Stokes Family Office LLC Sells 1,800 Shares of Diageo plc (NYSE:DEO)

Stokes Family Office LLC lessened its holdings in shares of Diageo plc (NYSE:DEO) by 19.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,619 shares of the company’s stock after selling 1,800 shares during the quarter. Stokes Family Office LLC’s holdings in Diageo were worth $1,110,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of DEO. Natixis Advisors L.P. grew its holdings in Diageo by 55.9% during the 4th quarter. Natixis Advisors L.P. now owns 645,642 shares of the company’s stock valued at $94,044,000 after buying an additional 231,396 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Diageo by 26.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 659,034 shares of the company’s stock worth $98,315,000 after purchasing an additional 138,406 shares during the period. International Assets Investment Management LLC purchased a new stake in Diageo during the 4th quarter valued at $15,391,000. HS Management Partners LLC boosted its stake in shares of Diageo by 16.3% during the 4th quarter. HS Management Partners LLC now owns 706,205 shares of the company’s stock worth $102,866,000 after purchasing an additional 98,819 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Diageo by 43.5% during the third quarter. The Manufacturers Life Insurance Company now owns 321,606 shares of the company’s stock valued at $47,977,000 after buying an additional 97,414 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

Separately, BNP Paribas downgraded Diageo from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $3,797.50.

Diageo Price Performance

NYSE DEO traded up $0.87 on Friday, reaching $137.44. 683,538 shares of the stock traded hands, compared to its average volume of 826,219. Diageo plc has a 12 month low of $135.63 and a 12 month high of $188.23. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73. The company has a fifty day moving average price of $145.31 and a 200-day moving average price of $145.73.

Diageo Cuts Dividend

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

Diageo Company Profile

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.