Diageo plc (NYSE:DEO) Shares Sold by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. decreased its stake in Diageo plc (NYSE:DEO) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,842 shares of the company’s stock after selling 86 shares during the period. Roman Butler Fullerton & Co.’s holdings in Diageo were worth $266,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DEO. Moneta Group Investment Advisors LLC lifted its stake in shares of Diageo by 98,968.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,023,969 shares of the company’s stock valued at $360,651,000 after purchasing an additional 2,021,926 shares during the period. Imprint Wealth LLC raised its position in Diageo by 16,757.2% during the second quarter. Imprint Wealth LLC now owns 500,490 shares of the company’s stock worth $50,049,000 after acquiring an additional 497,521 shares during the last quarter. Morgan Stanley raised its position in Diageo by 13.2% during the fourth quarter. Morgan Stanley now owns 3,725,502 shares of the company’s stock worth $663,848,000 after acquiring an additional 433,105 shares during the last quarter. CI Private Wealth LLC acquired a new position in Diageo during the fourth quarter worth about $36,520,000. Finally, JPMorgan Chase & Co. raised its position in Diageo by 119.5% during the first quarter. JPMorgan Chase & Co. now owns 361,869 shares of the company’s stock worth $65,563,000 after acquiring an additional 196,999 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DEO shares. Argus cut shares of Diageo from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. BNP Paribas cut shares of 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $3,797.50.

Diageo Stock Up 0.3 %

Shares of NYSE DEO opened at $140.79 on Friday. 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 company has a 50-day simple moving average of $147.01 and a 200-day simple moving average of $146.52.

Diageo Cuts Dividend

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