Diageo plc $DEO Shares Sold by Coleford Investment Management Ltd.

Coleford Investment Management Ltd. lowered its holdings in Diageo plc (NYSE:DEO) by 53.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,107 shares of the company’s stock after selling 37,546 shares during the quarter. Diageo accounts for about 0.7% of Coleford Investment Management Ltd.’s holdings, making the stock its 21st biggest position. Coleford Investment Management Ltd.’s holdings in Diageo were worth $2,770,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Spire Wealth Management lifted its holdings in Diageo by 123.6% in the fourth quarter. Spire Wealth Management now owns 322 shares of the company’s stock valued at $28,000 after acquiring an additional 178 shares during the period. Sound Income Strategies LLC increased its position in shares of Diageo by 8,000.0% in the fourth quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock valued at $29,000 after buying an additional 320 shares in the last quarter. Texas Capital Bancshares Inc TX purchased a new position in shares of Diageo in the third quarter valued at $32,000. Flagship Harbor Advisors LLC purchased a new position in shares of Diageo in the fourth quarter valued at $30,000. Finally, GGM Financials LLC purchased a new position in shares of Diageo in the third quarter valued at $36,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Up 0.2%

Diageo stock opened at $80.42 on Wednesday. The stock has a 50-day moving average price of $80.37 and a 200 day moving average price of $85.40. Diageo plc has a 52 week low of $72.45 and a 52 week high of $116.41. The company has a current ratio of 1.60, a quick ratio of 0.71 and a debt-to-equity ratio of 1.53.

Diageo Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, June 4th. Investors of record on Friday, April 17th were given a dividend of $0.80 per share. This represents a yield of 195.0%. The ex-dividend date was Friday, April 17th.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. Zacks Research upgraded Diageo from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. HSBC cut Diageo from a “buy” rating to a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research report on Monday, April 20th. Finally, BNP Paribas Exane upgraded Diageo from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 25th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $116.50.

Diageo Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.