Diageo plc (NYSE:DEO) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its stake in shares of Diageo plc (NYSE:DEO) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 915,878 shares of the company’s stock after selling 33,533 shares during the quarter. Natixis Advisors LLC owned approximately 0.16% of Diageo worth $116,436,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DEO. Alliance Wealth Advisors LLC UT grew its stake in shares of Diageo by 2.6% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock worth $430,000 after purchasing an additional 86 shares in the last quarter. Savant Capital LLC boosted its stake in Diageo by 5.0% during the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock valued at $237,000 after buying an additional 88 shares in the last quarter. Diversified Trust Co boosted its stake in Diageo by 5.6% during the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock valued at $236,000 after buying an additional 98 shares in the last quarter. Cromwell Holdings LLC boosted its stake in Diageo by 8.6% during the fourth quarter. Cromwell Holdings LLC now owns 1,286 shares of the company’s stock valued at $163,000 after buying an additional 102 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Diageo by 2.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,735 shares of the company’s stock valued at $475,000 after buying an additional 103 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Down 0.4 %

Shares of Diageo stock opened at $107.55 on Friday. The stock has a 50-day moving average price of $114.26 and a 200 day moving average price of $123.59. The company has a market cap of $59.83 billion, a P/E ratio of 15.70, a P/E/G ratio of 2.39 and a beta of 0.65. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. Diageo plc has a 1 year low of $105.72 and a 1 year high of $149.44.

Diageo Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be paid a $1.62 dividend. This represents a yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo’s dividend payout ratio is currently 46.42%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. TD Cowen increased their price target on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Diageo presently has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.