Diageo plc (NYSE:DEO) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. cut its position in shares of Diageo plc (NYSE:DEO) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,538 shares of the company’s stock after selling 511 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Diageo were worth $1,826,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IFP Advisors Inc lifted its stake in Diageo by 179.9% during the third quarter. IFP Advisors Inc now owns 1,447 shares of the company’s stock valued at $216,000 after purchasing an additional 930 shares during the last quarter. Arkadios Wealth Advisors lifted its position in shares of Diageo by 16.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,588 shares of the company’s stock valued at $237,000 after acquiring an additional 230 shares during the last quarter. Founders Financial Securities LLC boosted its stake in shares of Diageo by 33.5% during the 3rd quarter. Founders Financial Securities LLC now owns 6,324 shares of the company’s stock worth $943,000 after acquiring an additional 1,586 shares in the last quarter. Perennial Advisors LLC grew its holdings in shares of Diageo by 2.3% in the 3rd quarter. Perennial Advisors LLC now owns 18,550 shares of the company’s stock worth $2,768,000 after acquiring an additional 420 shares during the last quarter. Finally, Roberts Wealth Advisors LLC raised its position in shares of Diageo by 0.9% during the third quarter. Roberts Wealth Advisors LLC now owns 13,114 shares of the company’s stock worth $2,012,000 after purchasing an additional 112 shares during the period. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

DEO opened at $142.11 on Tuesday. The stock has a fifty day moving average price of $146.80 and a 200 day moving average price of $146.39. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.58 and a quick ratio of 0.65. 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 was paid on Wednesday, April 17th. Investors of record on Friday, March 1st were given a dividend of $1.62 per share. This represents a yield of 2.7%. The ex-dividend date was Thursday, February 29th.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DEO. Argus lowered shares of Diageo from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. BNP Paribas downgraded Diageo from a “neutral” rating to an “underperform” rating in a research note on Friday, January 12th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $3,797.50.

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.