Diageo plc $DEO Shares Sold by DRH Investments Inc.

DRH Investments Inc. lowered its position in shares of Diageo plc (NYSE:DEO) by 86.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,342 shares of the company’s stock after selling 68,162 shares during the period. Diageo accounts for approximately 0.8% of DRH Investments Inc.’s portfolio, making the stock its 12th largest position. DRH Investments Inc.’s holdings in Diageo were worth $892,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Integrated Advisors Network LLC grew its stake in shares of Diageo by 3.5% during the third quarter. Integrated Advisors Network LLC now owns 3,110 shares of the company’s stock worth $297,000 after purchasing an additional 104 shares in the last quarter. Glenview Trust Co grew its stake in shares of Diageo by 3.7% during the fourth quarter. Glenview Trust Co now owns 2,928 shares of the company’s stock worth $253,000 after purchasing an additional 104 shares in the last quarter. Mission Wealth Management LP grew its stake in shares of Diageo by 4.0% during the fourth quarter. Mission Wealth Management LP now owns 2,992 shares of the company’s stock worth $258,000 after purchasing an additional 114 shares in the last quarter. Wynn Capital LLC grew its stake in shares of Diageo by 2.5% during the fourth quarter. Wynn Capital LLC now owns 4,994 shares of the company’s stock worth $431,000 after purchasing an additional 122 shares in the last quarter. Finally, Bridgewater Advisors Inc. grew its stake in shares of Diageo by 4.9% during the third quarter. Bridgewater Advisors Inc. now owns 2,702 shares of the company’s stock worth $236,000 after purchasing an additional 125 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Performance

NYSE DEO opened at $81.78 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60. Diageo plc has a 1 year low of $72.45 and a 1 year high of $116.41. The company has a fifty day moving average of $80.77 and a two-hundred day moving average of $85.23.

Diageo Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, June 4th. Stockholders of record on Friday, April 17th were issued a $0.80 dividend. This represents a dividend yield of 195.0%. The ex-dividend date of this dividend was Friday, April 17th.

Analyst Ratings Changes

A number of equities analysts recently commented on DEO shares. BNP Paribas Exane upgraded shares of Diageo from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 25th. Argus upgraded shares of Diageo to a “hold” rating in a research note on Tuesday, March 10th. Zacks Research upgraded shares of Diageo from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research note on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.