Capital Investment Advisory Services LLC Sells 110 Shares of Diageo plc (NYSE:DEO)

Capital Investment Advisory Services LLC lessened its stake in shares of Diageo plc (NYSE:DEO) by 5.7% during the 4th quarter, Holdings Channel reports. The fund owned 1,834 shares of the company’s stock after selling 110 shares during the period. Capital Investment Advisory Services LLC’s holdings in Diageo were worth $267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Western Wealth Management LLC lifted its holdings in shares of Diageo by 2.6% during the 3rd quarter. Western Wealth Management LLC now owns 2,559 shares of the company’s stock valued at $382,000 after purchasing an additional 66 shares during the last quarter. O Brien Greene & Co. Inc grew its position in Diageo by 2.4% during the 3rd quarter. O Brien Greene & Co. Inc now owns 2,970 shares of the company’s stock worth $443,000 after purchasing an additional 70 shares during the period. SVB Wealth LLC grew its position in Diageo by 1.8% during the 4th quarter. SVB Wealth LLC now owns 3,988 shares of the company’s stock worth $581,000 after purchasing an additional 70 shares during the period. Lawson Kroeker Investment Management Inc. NE grew its position in Diageo by 0.5% during the 4th quarter. Lawson Kroeker Investment Management Inc. NE now owns 14,246 shares of the company’s stock worth $2,075,000 after purchasing an additional 72 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Diageo by 3.3% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,243 shares of the company’s stock worth $327,000 after purchasing an additional 72 shares during the period. Institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

DEO has been the topic of several analyst reports. Argus downgraded Diageo from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. BNP Paribas cut Diageo from a “neutral” rating to an “underperform” rating in a research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $3,797.50.

Diageo Trading Down 0.1 %

Shares of DEO stock opened at $140.37 on Thursday. Diageo plc has a 12 month low of $135.63 and a 12 month high of $190.02. 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 firm has a fifty day moving average price of $146.64 and a 200 day moving average price of $146.27.

Diageo Cuts Dividend

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

Diageo 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.