Diageo plc (NYSE:DEO) Shares Sold by Saybrook Capital NC

Saybrook Capital NC trimmed its holdings in Diageo plc (NYSE:DEO) by 0.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,360 shares of the company’s stock after selling 130 shares during the period. Diageo accounts for about 2.4% of Saybrook Capital NC’s holdings, making the stock its 14th biggest holding. Saybrook Capital NC’s holdings in Diageo were worth $8,792,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DEO. The Manufacturers Life Insurance Company increased its position in Diageo by 0.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 13,580 shares of the company’s stock worth $2,420,000 after purchasing an additional 58 shares during the last quarter. Bradley Foster & Sargent Inc. CT increased its position in Diageo by 1.4% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 4,220 shares of the company’s stock worth $752,000 after purchasing an additional 60 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Diageo by 4.2% during the second quarter. Parkside Financial Bank & Trust now owns 1,558 shares of the company’s stock worth $270,000 after purchasing an additional 63 shares during the last quarter. Linscomb & Williams Inc. increased its position in Diageo by 5.3% during the fourth quarter. Linscomb & Williams Inc. now owns 1,298 shares of the company’s stock worth $231,000 after purchasing an additional 65 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Diageo by 1.3% during the third quarter. Rhumbline Advisers now owns 5,192 shares of the company’s stock worth $775,000 after purchasing an additional 65 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Performance

Shares of NYSE DEO traded down $0.15 during midday trading on Tuesday, hitting $137.24. The company’s stock had a trading volume of 218,643 shares, compared to its average volume of 788,825. The business’s fifty day simple moving average is $147.59 and its two-hundred day simple moving average is $146.70. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73. Diageo plc has a 1 year low of $135.63 and a 1 year high of $190.02.

Diageo Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 1st will be paid a $1.62 dividend. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, February 29th.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DEO. BNP Paribas cut shares of Diageo from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. Argus cut shares of Diageo from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3,778.00.

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.